https://www.taxtmi.com/circulars?id=67254 Revisions require use of a composite criterion of investment in plant and machinery or equipment and turnover to classify enterprises; aggregation applies to all units sharing a PAN by combining GSTIN-linked figures. Investment calculation is linked to prior Income Tax Returns, with self-declaration permitted for new enterprises until first ITR, excluding GST and specified exempt items; turnover excludes exports and must be linked to tax and GST data, with temporary self-declaration allowed for entities without PAN until a specified date. Transitional rules preserve existing status for defined post-change periods and the circular supersedes earlier guidance except delayed-payment provisions. en-us Thu, 02 Jul 2020 00:00:00 +0530 Fri, 15 Mar 2024 17:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67254 Revisions require use of a composite criterion of investment in plant and machinery or equipment and turnover to classify enterprises; aggregation applies to all units sharing a PAN by combining GSTIN-linked figures. Investment calculation is linked to prior Income Tax Returns, with self-declaration permitted for new enterprises until first ITR, excluding GST and specified exempt items; turnover excludes exports and must be linked to tax and GST data, with temporary self-declaration allowed for entities without PAN until a specified date. Transitional rules preserve existing status for defined post-change periods and the circular supersedes earlier guidance except delayed-payment provisions. Circulars RBI Thu, 02 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67254