Composition scheme rate uniformity for manufacturers and traders reduces the rate and limits turnover base to taxable goods supplies. Kerala amends its state GST notification to set a uniform composition scheme rate for manufacturers and traders by substituting the previously stated rate with a lower uniform rate and by clarifying that the composition levy in clause (iii) applies to the turnover of taxable supplies of goods rather than a broader turnover measure, on the recommendation of the GST Council.
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Composition scheme rate uniformity for manufacturers and traders reduces the rate and limits turnover base to taxable goods supplies.
Kerala amends its state GST notification to set a uniform composition scheme rate for manufacturers and traders by substituting the previously stated rate with a lower uniform rate and by clarifying that the composition levy in clause (iii) applies to the turnover of taxable supplies of goods rather than a broader turnover measure, on the recommendation of the GST Council.
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