Composition Levy eligibility: registered persons with turnover below a specified threshold may opt for composition subject to exclusions. An eligible registered person with aggregate turnover in the preceding financial year not exceeding one crore and fifty lakh rupees may opt for composition levy under rule 7 of the Tamil Nadu GST Rules, 2017 in lieu of tax under section 9(1); a lower turnover limit of seventy-five lakh applies for certain States, manufacturers of goods listed in the Table (ice cream, pan masala, tobacco and substitutes) are excluded, and the notification supersedes an earlier notification and is effective from 1 April 2019.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Composition Levy eligibility: registered persons with turnover below a specified threshold may opt for composition subject to exclusions.
An eligible registered person with aggregate turnover in the preceding financial year not exceeding one crore and fifty lakh rupees may opt for composition levy under rule 7 of the Tamil Nadu GST Rules, 2017 in lieu of tax under section 9(1); a lower turnover limit of seventy-five lakh applies for certain States, manufacturers of goods listed in the Table (ice cream, pan masala, tobacco and substitutes) are excluded, and the notification supersedes an earlier notification and is effective from 1 April 2019.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
