Composition levy rates updated under amended GST rules, reallocating categories and prescribed fixed turnover-based tax rates. Substitution of the Table in rule 7 prescribes composition levy categories and corresponding turnover-based tax rates for manufacturers (subject to specified exclusions), suppliers of certain supplies, other eligible suppliers, and registered persons who may opt under an alternative provision; the amendment redefines eligibility groupings and fixes the applicable proportionate tax on turnover in the State or Union territory for each category.
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Provisions expressly mentioned in the judgment/order text.
Composition levy rates updated under amended GST rules, reallocating categories and prescribed fixed turnover-based tax rates.
Substitution of the Table in rule 7 prescribes composition levy categories and corresponding turnover-based tax rates for manufacturers (subject to specified exclusions), suppliers of certain supplies, other eligible suppliers, and registered persons who may opt under an alternative provision; the amendment redefines eligibility groupings and fixes the applicable proportionate tax on turnover in the State or Union territory for each category.
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