Composition levy updated under GST Rules: substituted table prescribes distinct tax rates for manufacturers, specified and other suppliers. Amendment to rule 7 substitutes a revised Table prescribing composition levy categories and corresponding turnover-based tax rates effective 1 April 2020. The Table distinguishes manufacturers (excluding notified goods), suppliers making specified Schedule II supplies, other eligible composition suppliers, and persons opting under an alternate composition provision, and assigns each category a specified rate on turnover of taxable supplies in the State.
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 updated under GST Rules: substituted table prescribes distinct tax rates for manufacturers, specified and other suppliers.
Amendment to rule 7 substitutes a revised Table prescribing composition levy categories and corresponding turnover-based tax rates effective 1 April 2020. The Table distinguishes manufacturers (excluding notified goods), suppliers making specified Schedule II supplies, other eligible composition suppliers, and persons opting under an alternate composition provision, and assigns each category a specified rate on turnover of taxable supplies in the State.
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 
