Composition levy eligibility: registered persons may opt to pay a simplified state tax rate in lieu of regular State tax. Registered persons whose aggregate turnover in the preceding financial year did not exceed the notified threshold may opt to pay State tax under a composition scheme at prescribed percentage rates by class of supplier; manufacturers, suppliers listed under Schedule II paragraph 6(b), and other suppliers are subject to differentiated rates. Manufacturers of goods specified by tariff item or chapter in the Table (ice cream and edible ice; pan masala; all tobacco goods) are ineligible. Tariff references and their interpretation follow the First Schedule to the Customs Tariff Act, 1975.
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 eligibility: registered persons may opt to pay a simplified state tax rate in lieu of regular State tax.
Registered persons whose aggregate turnover in the preceding financial year did not exceed the notified threshold may opt to pay State tax under a composition scheme at prescribed percentage rates by class of supplier; manufacturers, suppliers listed under Schedule II paragraph 6(b), and other suppliers are subject to differentiated rates. Manufacturers of goods specified by tariff item or chapter in the Table (ice cream and edible ice; pan masala; all tobacco goods) are ineligible. Tariff references and their interpretation follow the First Schedule to the Customs Tariff Act, 1975.
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