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of <h1>Govt. Allows Small Businesses to Opt for Composition Levy Under GST Act 2017; Excludes Certain Manufacturers.</h1> The Central Government, under the Central Goods and Services Tax Act, 2017, allows eligible registered persons with an aggregate turnover not exceeding one crore rupees in the previous financial year to opt for a composition levy instead of the central tax. For certain northeastern states and Himachal Pradesh, this turnover limit is seventy-five lakh rupees. However, manufacturers of specific goods, such as ice cream, pan masala, and tobacco products, are excluded from this scheme. The notification outlines the applicable tariff items and provides guidelines for interpreting these provisions. This notification was later superseded by a subsequent notification in 2019.
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