Council, prescribes the registered person, whose aggregate turnover in the preceding financial year did not exceed seventy five lakh rupees. - GST-1517/C.R.103 (17)/Taxation-1. - Maharashtra SGST
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Composition levy eligibility for small registered persons: specified turnover based rates apply while certain manufacturers are excluded. Eligible registered persons with aggregate turnover not exceeding seventy five lakh rupees may opt for a composition levy in lieu of state tax at prescribed turnover based rates: one per cent for manufacturers, two and a half per cent for specified supplies under Schedule II clause (b), and half per cent for other suppliers; manufacturers of ice cream (2105 00 00), pan masala (2106 90 20) and goods under Chapter 24 (tobacco and substitutes) are excluded from the composition option.
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 for small registered persons: specified turnover based rates apply while certain manufacturers are excluded.
Eligible registered persons with aggregate turnover not exceeding seventy five lakh rupees may opt for a composition levy in lieu of state tax at prescribed turnover based rates: one per cent for manufacturers, two and a half per cent for specified supplies under Schedule II clause (b), and half per cent for other suppliers; manufacturers of ice cream (2105 00 00), pan masala (2106 90 20) and goods under Chapter 24 (tobacco and substitutes) are excluded from the composition option.
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