Composition levy rates updated for manufacturers and suppliers under section 10, setting differentiated turnover based tax rates. Substitution of rule 7's Table prescribes four composition levy categories under section 10 with distinct turnover based rates: manufacturers excluding notified goods at one half of one percent; suppliers of Schedule II(b) supplies at two and one half percent; other eligible suppliers at one half of one percent of taxable turnover of goods and services; and persons opting under section 10(2A) at three percent, effective 1 April 2020, made under section 164 of the Meghalaya GST Act, 2017.
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Provisions expressly mentioned in the judgment/order text.
Composition levy rates updated for manufacturers and suppliers under section 10, setting differentiated turnover based tax rates.
Substitution of rule 7's Table prescribes four composition levy categories under section 10 with distinct turnover based rates: manufacturers excluding notified goods at one half of one percent; suppliers of Schedule II(b) supplies at two and one half percent; other eligible suppliers at one half of one percent of taxable turnover of goods and services; and persons opting under section 10(2A) at three percent, effective 1 April 2020, made under section 164 of the Meghalaya GST Act, 2017.
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