Composition Levy eligibility set with turnover limits, conditional reduced threshold for certain States, and exclusions for specified manufacturers. An eligible registered person may opt for composition levy under section 10(1) of the Jharkhand GST Act subject to an aggregate turnover ceiling in the preceding financial year, with a reduced ceiling applying where taxable supplies originate from certain States. Manufacturers of specified goods - identified by tariff entries and a Chapter reference covering ice cream and edible ice, pan masala, and tobacco and manufactured tobacco substitutes - are excluded from eligibility. The notification applies the First Schedule interpretation rules of the Customs Tariff Act for tariff identification and specifies an effective date for these provisions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Composition Levy eligibility set with turnover limits, conditional reduced threshold for certain States, and exclusions for specified manufacturers.
An eligible registered person may opt for composition levy under section 10(1) of the Jharkhand GST Act subject to an aggregate turnover ceiling in the preceding financial year, with a reduced ceiling applying where taxable supplies originate from certain States. Manufacturers of specified goods - identified by tariff entries and a Chapter reference covering ice cream and edible ice, pan masala, and tobacco and manufactured tobacco substitutes - are excluded from eligibility. The notification applies the First Schedule interpretation rules of the Customs Tariff Act for tariff identification and specifies an effective date for these provisions.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
