DATE OF COMING INTO FORCE OF ENHANCED COMPOUNDING TAX
TURNOVER FROM 50 LAKSH TO
75 LAKHS IN UNION TERRITORIES
GOVERNMENT
OF
INDIA MINISTRY OF
FINANCE
(Department of Revenue)
Notification No. 2/2017-Union Territory Tax
New Delhi, the 27th June, 2017
G.S.R.
(E).- In exercise of the powers conferred by sub-section (1) and sub-section (2) of
section 10 of
the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereinafter referred to as the said Act) read with section 21 of the Union Territory
Goods
and Services Tax
Act, 2017 (14 of 2017),
the Central
Government, on the recommendations
of the Council, hereby prescribes that an eligible registered person, whose aggregate turnover in the
preceding financial year did not exceed seventy five lakh rupees, may opt to pay, in lieu of
the tax payable
by
him, an amount calculated at the rate
of,––
(i) one
per cent. of the turnover
in Union territory in case of a manufacturer,
(ii) two and a half per cent. of the turnover in Union territory in case of persons engaged
in making supplies referred to in clause (b) of paragraph 6 of Schedule II of the said Act,
and
(iii)
half per cent.
of the turnover in Union territory in case of
other
suppliers:
Provided that a registered person shall not be eligible to opt for composition levy under sub-section (1) of section 10 of the said Act read with section 21 of the Union Territory
Goods and Services Tax
Act,
2017 if such person is a manufacturer
of the goods,
the description
of which is specified in column (3)
of the Table below and falling under the tariff
item, sub-heading, heading or Chapter, as the case may be, as specified in the corresponding entry in column (2) of
the
said Table:-
TABLE
S.
No.
|
Tariff item,
sub-
heading, heading or
Chapter
|
Description
|
(1)
|
(2)
|
(3)
|
1.
|
2105
00 00
|
Ice cream and other edible ice,
whether or not containing cocoa.
|
2.
|
2106
90 20
|
Pan masala
|
3.
|
24
|
All
goods, i.e. Tobacco and manufactured
tobacco substitutes
|
Explanation. –
(1) In this Table,
“tariff
item”,
“sub-heading”, “heading”
and
“chapter” shall mean
respectively a tariff item, sub-heading, heading
and chapter as specified in the First Schedule
to the Customs Tariff
Act,
1975 (51 of 1975).
(2) The rules for the interpretation
of the First Schedule to the
Customs Tariff Act, 1975 (51
of 1975), including the Section and Chapter Notes and the General Explanatory
Notes of the First Schedule shall, so
far as may be, apply to the interpretation of this notification.
[F.No.354/117/2017-TRU]
(Mohit Tewari) Under
Secretary to the Government of India
Similar notification
has been issued by the Government of Tamil
Nadu vide G.O.(Ms)
No.59, Commercial Taxes and Registration
(B1) Department,
dated 29.6.2017 and to view the G.O. please
Click the link given
below:
No.59/c0750c2f-c134-4151-81f1-0627ffd57ea4?version=1.0
Similar notification has been issued by the Government of India
vide Notification No.8 dated 27.6.2017 under CGST Act, 2017.
http://www.cbec.gov.in/resources//htdocs-cbec/gst/notfctn-8-central-tax-english.pdf
Similar notification has been issued by the Government of India
vide Notification No.8 dated 27.6.2017 under CGST Act, 2017.
http://www.cbec.gov.in/resources//htdocs-cbec/gst/notfctn-8-central-tax-english.pdf