Composition levy rates revised for manufacturers and suppliers under GST rules, altering tax percentages for eligible registrants. The amendment substitutes the Table in rule 7 to prescribe distinct turnover based tax rates for categories of registered persons: manufacturers (excluding notified goods), suppliers of certain Schedule II supplies, other standard composition eligible suppliers, and registrants opting under the alternate composition provision, each assigned a specific turnover percentage rate.
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 rates revised for manufacturers and suppliers under GST rules, altering tax percentages for eligible registrants.
The amendment substitutes the Table in rule 7 to prescribe distinct turnover based tax rates for categories of registered persons: manufacturers (excluding notified goods), suppliers of certain Schedule II supplies, other standard composition eligible suppliers, and registrants opting under the alternate composition provision, each assigned a specific turnover percentage rate.
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