Composition levy eligibility for small taxpayers; prescribed flat rates for manufacturers, specified suppliers, and other suppliers with exclusions. An eligible registered person below the small taxpayer turnover threshold may opt for a composition levy paying prescribed flat rates on turnover in the State-one per cent for manufacturers, two and a half per cent for suppliers under Schedule II paragraph 6(b), and half per cent for other suppliers-subject to ineligibility where the person manufactures specified goods (ice cream, pan masala, tobacco). Customs Tariff interpretation rules apply to tariff references and the notification takes effect from the stated 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 eligibility for small taxpayers; prescribed flat rates for manufacturers, specified suppliers, and other suppliers with exclusions.
An eligible registered person below the small taxpayer turnover threshold may opt for a composition levy paying prescribed flat rates on turnover in the State-one per cent for manufacturers, two and a half per cent for suppliers under Schedule II paragraph 6(b), and half per cent for other suppliers-subject to ineligibility where the person manufactures specified goods (ice cream, pan masala, tobacco). Customs Tariff interpretation rules apply to tariff references and the notification takes effect from the stated commencement date.
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