Composition levy: eligibility threshold increased and composition tax rates adjusted for manufacturers and other suppliers under state GST. Prescribes a composition levy for eligible registered persons below the aggregate turnover threshold, specifying differential composition rates for manufacturers, suppliers making Schedule II clause (b) supplies, and other suppliers, and excludes manufacturers of goods specified by tariff items and Chapter headings (including ice cream, pan masala and tobacco) from opting for the composition levy; it directs application of the First Schedule to the Customs Tariff Act, 1975 for interpreting the tariff references.
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Provisions expressly mentioned in the judgment/order text.
Composition levy: eligibility threshold increased and composition tax rates adjusted for manufacturers and other suppliers under state GST.
Prescribes a composition levy for eligible registered persons below the aggregate turnover threshold, specifying differential composition rates for manufacturers, suppliers making Schedule II clause (b) supplies, and other suppliers, and excludes manufacturers of goods specified by tariff items and Chapter headings (including ice cream, pan masala and tobacco) from opting for the composition levy; it directs application of the First Schedule to the Customs Tariff Act, 1975 for interpreting the tariff references.
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