Notifications with regard to composition levy

 

 

(a) Notification No 08/2017 Central Tax dated 27th June 2017

 

This notification prescribes rate of CGST in composition levy as prescribed below:-

 

In exercise of power conferred under section 10(1) of CGST Act 2017

Eligible registered persons whose aggregate turnover in the preceding financial year doesn’t exceed 75 Lakhs Rs may opt to pay GST in this fashion:-

 

Supplies ProviderCGST RateCGST+SGST
Manufacturer1% Turnover in State2% GST
Restaurant Services2.5% Turnover in State5% GST
Others i.e. Traders etc0.5% Turnover in State1% GST

 

 

Aggregate turnover shall be

fifty lakhs rupees in

preceding financial year for availing benefit of composition scheme if

person is registered in these state

 

(i)  Arunachal Pradesh

(ii)  Assam

(iii) Manipur

(iv) Meghalaya

(v) Mizoram

(vi) Nagaland

(vii) Sikkim

(viii) Tripura

(ix) Himachal Pradesh

 

 

For Manufacture of following items

Composition levy benefit will not be available

 

HSN CodeDescription
2105 00 00Ice cream and other edible ice, whether or not containing cocoa
2106 90 20Pan Masala
24All Goods i.e. Tobacco and Manufactured Tobacco substitutes

 

 

Please download notification from the following PDF Image     

 

 

 

Notification No 46/2017 Central Tax dated 13th Oct 2017 has been issued which has amended the Original Notification No 08/2017 Central Tax

 

An amendment has been made in original notification and fresh limits of aggregate turnover has been made

 

(a) For 9 Special States :- Aggregate turnover limit of 50 Lakhs should be revised to 75 Lakhs Rs

 

(b)  For other States:- Aggregate turnover limit of 75 Lakhs should be revised to 1 Crore Rs

 

Please download notification from the following PDF Image

 

 

Notification No 01/2018 Central Tax dated 1st Jan 2018 has been issued which has amended the Original Notification No 08/2017 Central Tax

 

Notification No 01/2018 Central Tax has been issued and which has changed GST Rates for composition levy and for traders they have changed the word “Turnover in state to Turnover of Taxable Supplies of Goods,

Therefore they have taken Non Taxable goods out of composition levy from this notification.

 

Supplies ProviderCGST RateCGST+SGST
Manufacturer0.5% Turnover in State1% GST
Restaurant Services2.5% Turnover in State5% GST
Others i.e. Traders etc0.5% Turnover of Taxable Supplies of Goods1% GST on Turnover of Taxable Supplies of Goods

 

Please download notification from the following PDF Image

 

 

Notification No 05/2019 Central Tax dated 29th Jan 2019 has been issued which has amended the Original Notification No 08/2017 Central Tax

 

A change has been made in this notification which has enabled that rates of composition levy for manufactures, restaurant service provider and traders will be the rates as specified in rule 7 of CGST Rules 2017

 

 

 

Supplies ProviderCGST Rate
ManufacturerRates as per rule 7 of CGST Rules
Restaurant ServicesRates as per rule 7 of CGST Rules
Others i.e. Traders etcRates as per rule 7 of CGST Rules

 

 

Please download notification from the following PDF Image

 

 

Notification No 14/2019 Central Tax dated 07th March 2019 has been issued which has superseded original Notification No 08/2019 as amended from time to time till 06th March 2019,

Therefore these notifications are valid only till 06th March 2019

 

Thanks

CA Rahul Gupta

 

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