Composition levy revised for manufacturers and suppliers; new percentage-based rates now apply to turnover within the State. Amendment replaces the Table in rule 7 to prescribe distinct percentage-based composition levy rates for four categories of registered persons - manufacturers (excluding notified goods), suppliers of certain Schedule II supplies, other eligible composition suppliers, and a special opt-in category for persons otherwise ineligible - with those rates applied to turnover of taxable supplies of goods and services in the State.
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Provisions expressly mentioned in the judgment/order text.
Composition levy revised for manufacturers and suppliers; new percentage-based rates now apply to turnover within the State.
Amendment replaces the Table in rule 7 to prescribe distinct percentage-based composition levy rates for four categories of registered persons - manufacturers (excluding notified goods), suppliers of certain Schedule II supplies, other eligible composition suppliers, and a special opt-in category for persons otherwise ineligible - with those rates applied to turnover of taxable supplies of goods and services in the State.
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