CGST Notification 08/2017
| Title | Seeks to to notify the turnover limit for Composition Levy for CGST |
| Number | 08/2017 |
| Date | 27-06-2017 |
| Download | |
In exercise of the powers conferred under the proviso to sub-section (1) of
section 10 of the Central Goods and Services Tax Act, 2017 (12 of
2017) (hereinafter referred to as the said Act), 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
central tax payable by him, an amount calculated at the rate of,––
(i) one per cent. of the turnover in State in case of a manufacturer,
(ii) two and a half per cent. of the turnover in State 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 State in case of other suppliers:
Provided that the aggregate turnover in the preceding financial year shall
be fifty lakh rupees in the case of an eligible registered person,
registered under section 25 of the said Act, in any following States,
namely: –(i) Arunachal Pradesh,
(ii) Assam,
(iii) Manipur,
(iv) Meghalaya,(v) Mizoram,
(vi) Nagaland,
(vii) Sikkim,
(viii) Tripura,
(ix) Himachal Pradesh:
Provided further that the registered person shall not be eligible to opt
for composition levy under sub-section (1) of section 10 of the said
Act 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:-
| Sr. No. | Tariff item, subheading, 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 said
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.
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