Composition Scheme eligibility extended to a higher turnover limit; manufacturers of specified goods excluded from opting. Composition Scheme eligibility is extended to registered persons whose aggregate turnover in the preceding financial year does not exceed an increased threshold, allowing them to pay tax by composition in lieu of tax under the standard levy, as prescribed by the GST rules. Manufacturers of specified goods listed by tariff items-ice cream and other edible ice, pan masala, and all tobacco and manufactured tobacco substitutes-are excluded from opting for the composition levy. The notification directs that tariff headings be interpreted using the First Schedule to the Customs Tariff Act.
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 Scheme eligibility extended to a higher turnover limit; manufacturers of specified goods excluded from opting.
Composition Scheme eligibility is extended to registered persons whose aggregate turnover in the preceding financial year does not exceed an increased threshold, allowing them to pay tax by composition in lieu of tax under the standard levy, as prescribed by the GST rules. Manufacturers of specified goods listed by tariff items-ice cream and other edible ice, pan masala, and all tobacco and manufactured tobacco substitutes-are excluded from opting for the composition levy. The notification directs that tariff headings be interpreted using the First Schedule to the Customs Tariff Act.
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