Composition levy rates revised to differentiated turnover based slabs for manufacturers, specified suppliers, and other registrants. The substitution of the Table in rule 7 revises the composition levy framework by identifying four categories-manufacturers (with certain goods excluded), suppliers making supplies under the specified clause of Schedule II, other eligible suppliers under the primary composition eligibility, and registered persons eligible under the optional composition route-and prescribing distinct turnover based tax rates on taxable supplies in the State or Union territory, effective from 1 April 2020.
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Provisions expressly mentioned in the judgment/order text.
Composition levy rates revised to differentiated turnover based slabs for manufacturers, specified suppliers, and other registrants.
The substitution of the Table in rule 7 revises the composition levy framework by identifying four categories-manufacturers (with certain goods excluded), suppliers making supplies under the specified clause of Schedule II, other eligible suppliers under the primary composition eligibility, and registered persons eligible under the optional composition route-and prescribing distinct turnover based tax rates on taxable supplies in the State or Union territory, effective from 1 April 2020.
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