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Composition Scheme in GST

Goods and Services Tax - GST Law and Procedure - 06 - Benefit to small and medium taxable persons except service provider A taxpayer would be required to comply with the detailed procedural task including accounting and paper work which may involve h .....

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limited, composition scheme has been provided under section 10 of CGST Act. Eligibility A registered person, whose aggregate turnover in the preceding financial year did not exceed 75 lakh rupees. In case of Uttarakhand and Jammu & Kashmir also, .....

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otification No. 8/2017-CT dated 27-6-2017] The scheme is not available to supplier of services. However, the service provider engaged in supply of food for human consumption can avail the benefit of this scheme. [As defined in para 6(b) of Schedule I .....

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llows [section 10(1) of CGST Act and rule 7 of CGST Rules, 2017]- Sl. No. Category of registered persons Rate of tax CGST+SGST (1) (2) (3) 1. Manufacturers, other than manufacturers of such goods as may be notified by the Government 1% + 1% = 2% 2. S .....

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9; As per section 2(72) of CGST Act, "Manufacture" means processing of raw material or inputs in any manner that results in emergence of a new product having a distinct name, character and use and the term "manufacturer" shall be .....

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oa. Customs Tariff item 2106 90 20 - Pan masala Customs Chapter 24 - Tobacco and manufactured tobacco substitutes. [See Notification No. 8/2017-CT dated 27-6-2017]. Restriction and conditions As per section 10(2) of CGST Act, following taxable person .....

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under this Act; (c) he is not engaged in making any inter-State outward supplies of goods; (d) he is not engaged in making any supply of goods through an electronic commerce operator who is required to collect tax at source under section 52; and (e) .....

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