Increase in GST threshold turnover from 20 lakh to 40 lakh for suppliers to take affect from 01.01.2020 where recommended. Read Notification
Government of India
Ministry of Finance
(Department of Revenue)
Central Board of Indirect Taxes and Customs
New Delhi, the 01st January, 2020
G.S.R. 2(E).— In exercise of the powers conferred by sub-section (2) of section 1 of the Finance (No. 2) Act, 2019 (23 of 2019), the Central Government hereby appoints the 1st day of January, 2020, as the date on which the provisions of sections 92 to 112, except section 92, section 97, section 100 and sections 103 to 110 of the Finance (No. 2) Act, 2019 (23 of 2019), shall come into force.
[F.No.20/06/09/2019-GST]
(Pramod Kumar)
Director, Government of India
Note: the provisions of said section 94 amended section 22 of the CGST Act, authorising that the Government, at the request of a State and on the recommendations of the GST Council, enhance the GST threshold turnover from 20 lakh to an amount not exceeding 40 lakh rupees in case of supplier subject to prescribed conditions and limitations.
Just because log book was not maintained does not mean that vehicles were used for personal purposes by the Trustee…
Where belief of escapement of income as per reasons recorded fails no other addition can be made by the AO…
Date of dispatch of Speed Post of duly verified ITR-V shall be considered for the purpose of determination of 30…
Cash deposited in bank before giving unsecured loan. The addition if at all can be made u/s 69A in the…
Limitation for filing Rectification Application to ITAT u/s 245(2) starts from the date when the order of which rectification is…
Only days on which actual services rendered by company to be considered in computing threshold for constitution of permanent establishment…