Prescribes an eligible registered person, whose aggregate turnover in the preceding financial year did not exceed seventy five lakh rupees, - S.O.026/P.A.5/2017/S.10/C.A.14/2017/S.21/2017. - Punjab SGST
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Composition levy option for small registered persons permits flat turnover-based rates while excluding ice cream, pan masala and tobacco. Prescribes a composition scheme under section 10 for eligible registered persons below the aggregate turnover threshold, allowing an opt-in composition amount calculated at one per cent for manufacturers, two and a half per cent for suppliers under clause (b) of paragraph 6 of Schedule II, and half per cent for other suppliers, while excluding manufacturers of ice cream (tariff item 2105 00 00), pan masala (tariff item 2106 90 20) and goods under Chapter 24 (tobacco); references to tariff classifications follow the First Schedule to the Customs Tariff Act, 1975.
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 for small registered persons permits flat turnover-based rates while excluding ice cream, pan masala and tobacco.
Prescribes a composition scheme under section 10 for eligible registered persons below the aggregate turnover threshold, allowing an opt-in composition amount calculated at one per cent for manufacturers, two and a half per cent for suppliers under clause (b) of paragraph 6 of Schedule II, and half per cent for other suppliers, while excluding manufacturers of ice cream (tariff item 2105 00 00), pan masala (tariff item 2106 90 20) and goods under Chapter 24 (tobacco); references to tariff classifications follow the First Schedule to the Customs Tariff Act, 1975.
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