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    <title>Seeks to supersede notification Notification (3)- FD 47 CSL 2017 dated 28/06/2017 of KGST Rule, 2017/Notification No. 08/2017 - Central Tax dated 27.06.2017 in order to extend the limit of threshold of aggregate turnover for availing Composition Scheme u/s 10 of the KGST Act, 2017 /CGST Act, 2017 to 1.5 crores.</title>
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    <description>Extends eligibility for the composition levy by allowing a registered person with aggregate turnover in the preceding year not exceeding one crore and fifty lakh rupees to opt to pay tax in lieu of tax under Section 9, as prescribed by the Karnataka GST Rules; excludes manufacturers of specified goods (ice cream, pan masala, tobacco and substitutes) identified by Customs Tariff Schedule entries and applies the First Schedule interpretive rules. The notification supersedes the earlier 2017 notification and takes effect on the notified operative date.</description>
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      <description>Extends eligibility for the composition levy by allowing a registered person with aggregate turnover in the preceding year not exceeding one crore and fifty lakh rupees to opt to pay tax in lieu of tax under Section 9, as prescribed by the Karnataka GST Rules; excludes manufacturers of specified goods (ice cream, pan masala, tobacco and substitutes) identified by Customs Tariff Schedule entries and applies the First Schedule interpretive rules. The notification supersedes the earlier 2017 notification and takes effect on the notified operative date.</description>
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