Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Jharkhand Updates GST Rules: Composition Levy Option for Small Businesses with Turnover Limits, Excludes Certain Manufacturers.</h1> The Government of Jharkhand issued Notification No. 14/2019 under the Jharkhand Goods and Services Tax Act, 2017, superseding a previous notification from June 2017. Effective from April 1, 2019, it allows eligible registered persons with a turnover not exceeding 1.5 crore rupees in the previous financial year to opt for a composition levy instead of regular tax under Section 9. For specified states, the turnover threshold is 75 lakh rupees. However, manufacturers of certain goods like ice cream, pan masala, and tobacco are excluded from this option. The notification aligns with the Customs Tariff Act, 1975 for interpretation.