Composition tax rates amended, specifying differential rates for manufacturers, certain suppliers and others; effective retrospectively. The amendment replaces the previous reference to an amount calculated under the Ordinance with an explicit composition rate structure: one per cent. of turnover in State for manufacturers, two and a half per cent. for persons making supplies under clause (b) of paragraph 6 of Schedule II, and half per cent. for other suppliers. The notification deems this amendment to have been in force from 25th June, 2017.
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Composition tax rates amended, specifying differential rates for manufacturers, certain suppliers and others; effective retrospectively.
The amendment replaces the previous reference to an amount calculated under the Ordinance with an explicit composition rate structure: one per cent. of turnover in State for manufacturers, two and a half per cent. for persons making supplies under clause (b) of paragraph 6 of Schedule II, and half per cent. for other suppliers. The notification deems this amendment to have been in force from 25th June, 2017.
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