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of <h1>Odisha Finance Dept Updates Composition Tax Scheme; Turnover Cap Set at INR 1.5 Crore, Excludes Certain Manufacturers.</h1> The notification issued by the Finance Department of Odisha on March 7, 2019, supersedes a previous notification from June 29, 2017. It allows eligible registered persons with an aggregate turnover not exceeding INR 1.5 crore in the preceding financial year to opt for a composition tax scheme under the Odisha Goods and Services Tax Act, 2017. For certain states, this threshold is INR 75 lakh. However, manufacturers of specific goods, including ice cream, pan masala, and tobacco products, are excluded from this scheme. The notification is effective from April 1, 2019.
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