The Central Government recently notified that the manufactures of ice-cream, pan masala and tobacco cannot opt for composition levy under the Central Good and Services Tax (CGST) Act. A similar amendment has been made to Union Territory Goods and Services Tax (UTGST) Act.
It also re-fixed the turnover of business entities from North-East States for composition levy under GST.
As per the notification, the turnover limit for assesses from Arunachal Pradesh, Nagaland, Manipur, Assam, Meghalaya, Mizoram, Sikkim, Tripura, Himachal Pradesh etc shall be fifty lakhs Rupees.
All these major decisions were approved by the GST Council in its 17th meeting held at New Delhi.
Read the full text of the Notification below.
