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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Businesses Under 50 Lakh Turnover Can Opt for GST Composition Levy; Conditions Apply, Ineligibility Leads to Penalties.</h1> Under the Chhattisgarh Goods and Services Tax Act, 2017, a registered person with an aggregate turnover not exceeding fifty lakh rupees in the previous financial year can opt for a composition levy instead of regular tax. The levy rates are up to one percent for manufacturers, two and a half percent for certain suppliers, and half a percent for other suppliers, with conditions. Eligibility excludes those supplying services outside specified categories, inter-State supplies, and certain goods. If turnover exceeds the limit, the option lapses. Ineligible persons using this option face penalties, and they cannot collect tax or claim input tax credits.
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