Composition scheme eligibility: registered persons below prescribed turnover may opt for rule 7 levy, excluding specified manufacturers. An eligible registered person may opt for the composition levy and pay tax as prescribed under rule 7 in lieu of tax under sub-section (1) of section 9, subject to aggregate turnover thresholds, with a lower threshold for specified special category States; manufacturers of goods specified by tariff classification (ice cream, pan masala, tobacco and substitutes) are excluded from the composition option, and interpretation of tariff items follows 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: registered persons below prescribed turnover may opt for rule 7 levy, excluding specified manufacturers.
An eligible registered person may opt for the composition levy and pay tax as prescribed under rule 7 in lieu of tax under sub-section (1) of section 9, subject to aggregate turnover thresholds, with a lower threshold for specified special category States; manufacturers of goods specified by tariff classification (ice cream, pan masala, tobacco and substitutes) are excluded from the composition option, and interpretation of tariff items follows the First Schedule to the Customs Tariff Act.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
