Composition scheme prescribes a turnover-based levy for eligible small suppliers with specified tariff-based exclusions under state GST. The notification prescribes that an eligible registered person with aggregate turnover below the prescribed threshold may opt to pay a turnover-based composition levy in lieu of tax, with distinct rates for manufacturers, suppliers of specified supplies, and other suppliers. Manufacturers producing goods listed by tariff descriptions in the Table are excluded from opting. The Table's tariff references and their interpretation follow the First Schedule to the Customs Tariff Act, 1975. The prescription is issued under section 10 of the Tamil Nadu Act and 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 scheme prescribes a turnover-based levy for eligible small suppliers with specified tariff-based exclusions under state GST.
The notification prescribes that an eligible registered person with aggregate turnover below the prescribed threshold may opt to pay a turnover-based composition levy in lieu of tax, with distinct rates for manufacturers, suppliers of specified supplies, and other suppliers. Manufacturers producing goods listed by tariff descriptions in the Table are excluded from opting. The Table's tariff references and their interpretation follow the First Schedule to the Customs Tariff Act, 1975. The prescription is issued under section 10 of the Tamil Nadu Act and takes effect from the stated commencement date.
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 
