Composition levy rates for manufacturers and suppliers revised, affecting eligibility and turnover-based tax liability effective April. The amendment substitutes the Table in rule 7 of the Bihar GST Rules, 2017 to redefine composition levy categories and fix turnover based tax rates for four classes of persons: manufacturers (excluding notified goods), suppliers making supplies under clause (b) of paragraph 6 of Schedule II, other suppliers eligible under section 10(1) and (2), and registered persons opting under section 10(2A); the notification is under section 164 and effective from the 1st April, 2020.
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Composition levy rates for manufacturers and suppliers revised, affecting eligibility and turnover-based tax liability effective April.
The amendment substitutes the Table in rule 7 of the Bihar GST Rules, 2017 to redefine composition levy categories and fix turnover based tax rates for four classes of persons: manufacturers (excluding notified goods), suppliers making supplies under clause (b) of paragraph 6 of Schedule II, other suppliers eligible under section 10(1) and (2), and registered persons opting under section 10(2A); the notification is under section 164 and effective from the 1st April, 2020.
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