Prescribes the eligible registered person, whose aggregate turnover in the preceding financial year did not exceed seventy five lakh rupees. - J.21011/1/2017-TAX/Part-III - Mizoram SGST
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Composition levy eligibility: registered persons below prescribed turnover threshold may opt to pay composition tax at specified rates. Prescribes that an eligible registered person with aggregate turnover in the preceding financial year not exceeding seventy five lakh rupees may opt for composition levy in lieu of central tax, at specified rates depending on the class of supplier; provides a reduced aggregate turnover threshold for certain States; excludes manufacturers of specified goods from electing composition levy and adopts the First Schedule to the Customs Tariff Act, 1975 for tariff interpretation.
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: registered persons below prescribed turnover threshold may opt to pay composition tax at specified rates.
Prescribes that an eligible registered person with aggregate turnover in the preceding financial year not exceeding seventy five lakh rupees may opt for composition levy in lieu of central tax, at specified rates depending on the class of supplier; provides a reduced aggregate turnover threshold for certain States; excludes manufacturers of specified goods from electing composition levy and adopts the First Schedule to the Customs Tariff Act, 1975 for tariff interpretation.
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