Composition scheme eligibility clarified with higher turnover cap, special state lower cap, and manufacturing exclusions applied. The notification permits an eligible registered person to opt for composition levy under section 10(1) of the Bihar GST Act in lieu of tax under section 9 where aggregate turnover in the preceding financial year does not exceed the prescribed ceiling, with a lower ceiling for certain eligible registered persons in specified States, and excludes manufacturers of ice cream, pan masala and goods under Chapter 24 (tobacco and substitutes); tariff references are interpreted by the First Schedule to the Customs Tariff Act.
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Composition scheme eligibility clarified with higher turnover cap, special state lower cap, and manufacturing exclusions applied.
The notification permits an eligible registered person to opt for composition levy under section 10(1) of the Bihar GST Act in lieu of tax under section 9 where aggregate turnover in the preceding financial year does not exceed the prescribed ceiling, with a lower ceiling for certain eligible registered persons in specified States, and excludes manufacturers of ice cream, pan masala and goods under Chapter 24 (tobacco and substitutes); tariff references are interpreted by the First Schedule to the Customs Tariff Act.
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