Karnataka Government amends the turnover amount for supply of goods or services to a registered person

Mar 23, 2021 | by Avantis RegTech Legal Research Team

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Finance & Taxation Compliance

The State Government of Karnataka on March 20, 2021 has amended the notification no. n (07/2020) No. FD 03 CSL 2020 (e), dated March 27, 2020 which specify that the registered person should prepare invoice and other prescribed documents for supply of goods or services to a registered person under Karnataka Goods and Services Tax Rules, 2017 in which the turnover amount has been substituted, namely: -

“Registered person, other than those referred to in Rules 54(2), (3), (4) and (4A) of the said rules, whose aggregate turnover in a financial year exceeds "fifty crore rupees", as a class of registered person who shall prepare invoice and other prescribed documents, in terms of Rule 48 (4) of the said rules in respect of supply of goods or services or both to a registered person.” 

[Notification No- FD 16 CSL 2021]

 


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