Composition scheme eligibility: simplified tax rates for small suppliers based on turnover threshold, with sectoral exclusions and tariff-based restrictions. An eligible registered person with aggregate turnover in the preceding financial year not exceeding seventy five lakh rupees may opt for composition levy under the Jammu and Kashmir GST Act, 2017, paying one per cent of turnover if a manufacturer, two and a half per cent if engaged in supplies under clause (b) of paragraph 6 of Schedule II, and half per cent for other suppliers. Manufacturers of goods specified in the Table (ice cream, pan masala, tobacco and substitutes) are ineligible. Interpretation follows the First Schedule to the Customs Tariff Act, 1975; the notification is effective immediately.