GST: Ice cream, pan masala, tobacco makers out of composition scheme

Ice cream, pan masala and tobacco manufacturers cannot opt for GST composition scheme under which businesses are allowed to pay lower tax rate if their turnover does not exceed Rs 75 lakh
Also, makers of tobacco and manufactured tobacco substitutes will not be able to opt for the scheme.
Businesses with aggregate turnover of up to Rs 20 lakh (Rs 10 lakh in North-East and special category states) are exempt from GST.
Besides, the Finance Ministry has also notified 12 amendments to the Central Goods and Services Tax (CGST) Rules.the amendments provide for cancellation of registration of a business for violation of Read More.      

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