NOTIFICATION NO.FTX.56/2017/23, DATED 29-6-2017 : Assam GST

By | June 29, 2017
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(Last Updated On: April 27, 2018)

SECTION 11 OF THE ASSAM GOODS AND SERVICES TAX ACT, 2017, READ WITH RULE 32 OF THE ASSAM GOODS AND SERVICES TAX RULES, 2017 

POWER TO GRANT EXEMPTION FROM TAX – EXEMPTION TO INTRA-STATE SUPPLIES OF SECOND HAND GOODS RECEIVED BY A REGISTERED PERSON, DEALING IN BUYING AND SELLING OF SECOND HAND GOODS AND WHO PAYS THE STATE TAX ON VALUE OF OUTWARD SUPPLY OF SUCH SECOND HAND GOODS FROM ANY UNREGISTERED SUPPLIER

NOTIFICATION NO.FTX.56/2017/23DATED 29-6-2017

In exercise of the powers conferred under the proviso to sub-section (1) of section 11 of the Assam Goods and Services Tax Act, 2017 (Assam Act No. XXVIII of 2017), the Governor of Assam, on being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, hereby exempts intra-State supplies of second hand goods received by a registered person, dealing in buying and selling of second hand goods and who pays the State tax on the value of outward supply of such second hand goods as determined under sub-rule (5) of rule 32 of the Assam Goods and Services Tax Rules, 2017, from any supplier, who is not registered, from the whole of the State tax leviable thereon under sub-section (4) of section 9 of the Assam Goods and Services Tax Act, 2017 (Assam Act No. XXVIII of 2017).

This notification shall come into force with effect from the 1st day of July, 2017.

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