CGST Notification rate 02/2019

(i) whose aggregate turnover in the preceding financial
year was fifty lakh rupees or below;

(ii) who is not eligible to pay tax under sub-section (1)
of section 10 of the said Act;

(iii) who is not engaged in making any supply which is not
leviable to tax under the said Act;

(iv) who is not engaged in making any inter-State outward
supply;

(v) who is neither a casual taxable person nor a
non-resident taxable person;

(vi) who is not engaged in making any supply through an
electronic commerce operator who is required to collect tax at source under
section 52; and

(vii) who is not engaged in making supplies of the goods,
the description of which is specified in column (3) of the Annexure 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
annexure.

2.Where more than one registered persons are having the same Permanent Account
Number, issued under the Income Tax Act, 1961(43 of 1961), central tax on
supplies by all such registered persons is paid at the rate specified in column
(2) under this notification.

3“.The registered person shall not collect any tax from
the recipient on supplies made by him nor shall he be
entitled to any credit of input tax.

4. The registered person shall issue, instead of tax
invoice, a bill of supply as referred to in clause (c) of
sub-section (3) of section 31 of the said Act with
particulars as prescribed in rule 49 of Central Goods
and Services Tax Rules.

5. The registered person shall mention the following
words at the top of the bill of supply, namely: –
‘taxable person paying tax in terms ofnotification No.
2/2019-Central Tax (Rate) dated 07.03.2019, not
eligible to collect tax on supplies’.

6. The registered person opting to pay central tax at the
rate of three percent under this notification shall be
liable to pay central tax at the rate of three percent on
all outward supplies specified in column (1)
notwithstanding any other notification issued under
sub-section (1) of section 9 or under section 11 of said
Act

7. The registered person opting to pay central tax at the
rate of three percent under this notification shall be
liable to pay central tax on inward supplies on which
he is liable to pay tax under sub-section (3) or, as the
case may be, under sub-section (4) of section 9 of said
Act at the applicable rates

Explanation.-For the purposes of this notification, the
expression “first supplies of goods or services or both”
shall, for the purposes of determining eligibility of a
person to pay tax under this notification, include the
supplies from the first day of April of a financial year
to the date from which he becomes liable for
registration under the said Act but for the purpose of
determination of tax payable under this notification shall not include the supplies from the first day of
April of a financial year to the date from which he
becomes liable for registration under the Act.