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of <h1>Karnataka GST Order 2019 Excludes Interest-Based Services from Turnover for Composition Scheme Eligibility u/s 10.</h1> The Karnataka Goods and Services Tax (Removal of Difficulties) Order, 2019, addresses issues under the Karnataka Goods and Services Tax Act, 2017. It clarifies that the value of exempt services, such as deposits, loans, or advances where consideration is interest or discount, should not be considered when determining eligibility for the composition scheme under Section 10. This order aims to alleviate hardships faced by small businesses engaged in such financial activities by excluding these services from the aggregate turnover calculation for the composition scheme eligibility.
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