Rate of Tax
of Composition Levy
Sl. NO
|
Particulars
|
Rate of tax (CGST)
|
1
|
Turnover in state in case of Manufacturers
|
0.50 % (Earlier
1 %)
|
2
|
Turnover in state in case Restaurant Services
Suppliers
|
2.50 %
|
3
|
Turnover of
Taxable Supplies of goods (Earlier Turnover)
|
0.50 %
|
Eligibility:
Supplier Dealing only in Goods & Restaurant Services
Threshold
Limit: ₹ 1 Crore (₹ 0.75 Crore in specified states)
Maintain
Details Records: No
Avails ITC:
No
Issue tax
Invoice: No
Tax
Collection from Customer: No
Inter State
Supplier opt this scheme: No, only Intra State supplies can be suppled under
this scheme
Relevant Notifications:
Comments