Reduction of prescribed levy rate clarifies levy applies to turnover of taxable supplies of goods. The State Government amends an earlier finance department GST notification by substituting the phrase 'one per cent.' in clause (i) with a lower prescribed rate expression and by replacing 'half per cent of the turnover' in clause (iii) with the more specific 'half per cent of the turnover of taxable supplies of goods', thereby narrowing the taxable base referenced in clause (iii) to turnover from taxable supplies of goods.
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Provisions expressly mentioned in the judgment/order text.
Reduction of prescribed levy rate clarifies levy applies to turnover of taxable supplies of goods.
The State Government amends an earlier finance department GST notification by substituting the phrase "one per cent." in clause (i) with a lower prescribed rate expression and by replacing "half per cent of the turnover" in clause (iii) with the more specific "half per cent of the turnover of taxable supplies of goods", thereby narrowing the taxable base referenced in clause (iii) to turnover from taxable supplies of goods.
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