Composition levy option allows small registered persons to pay a simplified state tax at prescribed flat rates, subject to exclusions. Composition levy is specified for eligible registered persons below the turnover threshold to opt to pay State tax by a prescribed flat rate on turnover in the State in lieu of normal tax; differential flat rates apply to manufacturers, specified suppliers, and other suppliers. Manufacturers of goods listed by specified tariff headings-ice cream and other 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, 1975 for tariff references and states an effective commencement date.
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 option allows small registered persons to pay a simplified state tax at prescribed flat rates, subject to exclusions.
Composition levy is specified for eligible registered persons below the turnover threshold to opt to pay State tax by a prescribed flat rate on turnover in the State in lieu of normal tax; differential flat rates apply to manufacturers, specified suppliers, and other suppliers. Manufacturers of goods listed by specified tariff headings-ice cream and other 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, 1975 for tariff references and states an effective commencement date.
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