Composition scheme: differentiated turnover based rates set for manufacturers, certain Schedule II suppliers, and other goods suppliers. Amendment replaces the prior formula in the opening paragraph under sub-section (1) of section 10 with explicit turnover-based composition rates: one rate for manufacturers based on turnover in the State; a higher rate for persons making supplies specified in clause (b) of paragraph 6 of Schedule II; and one rate for other suppliers based on turnover of taxable supplies of goods in the State. The amendment is effective from the first day of January, 2018.
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Composition scheme: differentiated turnover based rates set for manufacturers, certain Schedule II suppliers, and other goods suppliers.
Amendment replaces the prior formula in the opening paragraph under sub-section (1) of section 10 with explicit turnover-based composition rates: one rate for manufacturers based on turnover in the State; a higher rate for persons making supplies specified in clause (b) of paragraph 6 of Schedule II; and one rate for other suppliers based on turnover of taxable supplies of goods in the State. The amendment is effective from the first day of January, 2018.
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