The Government of India has released a crucial advisory in light of the recent amendment under Notification No. 12/2024 – Central Tax, dated July 10, 2024. This amendment lowers the threshold limit for reporting inter-state taxable outward supplies to unregistered dealers.
The threshold for reporting invoice-wise details of such supplies has been reduced from ₹2.5 lakh to ₹1 lakh, affecting the filing of GSTR-1 and GSTR-5 returns by businesses.
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