Turnover limit for Composition Levy for CGST – Notification No 8/2017 Central Tax Dtd 27th June, 2017

By | June 28, 2017
(Last Updated On: January 2, 2018)

Notification No 8/2017 Central Tax Dtd 27th June, 2017

Seeks to to notify the turnover limit for Composition Levy for CGST vide Notification No 8/2017 Central Tax dated 27th June 2017

[ 1. Central Tax seeks to further amend notification No. 8/2017 – Central Tax so as to prescribe effective rate of tax under composition scheme for manufacturers and other suppliers. vide Notification No 1/2018 Central Tax Dated 1 st January, 2018

2  Seeks to amend above notification No. 8/2017-Central Tax vide Notification No 46/2017 Central Tax Dated 13th October, 2017 ] 

 

 PUBLISHED IN THE GAZETTE OF INDIA,
EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF EXCISE AND CUSTOMS

Notification No. 8/2017 – Central Tax

New Delhi, the 27th June, 2017

G.S.R. 647(E).- 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:-

composition limit not available

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.

[F.No.354/117/2017-TRU]
(Mohit Tewari)
Under Secretary to the Government of India

 

Download Central Tax (CGST Act 2017) Notifications

Notification NoDateEnglishHindiSubject
06/2017-Central Tax,19-06-2017ViewViewModes of verification under CGST Rules, 2017
05/2017-Central Tax,19-06-2017ViewViewSeeks to exempt persons only engaged in making taxable supplies, total tax on which is liable to be paid on reverse charge basis
04/2017-Central Tax,19-06-2017ViewViewNotifying www.gst.gov.in as the Common Goods and Services Tax Electronic Portal
03/2017-Central Tax,19-06-2017ViewViewNotifying the CGST Rules, 2017 on registration and composition levy
02/2017-Central Tax,19-06-2017ViewViewNotifying jurisdiction of Central Tax Officers
01/2017-Central Tax,19-06-2017ViewViewSeeks to bring certain sections of the CGST Act, 2017 into force w.e.f. 22.06.2017

 

 

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4 thoughts on “Turnover limit for Composition Levy for CGST – Notification No 8/2017 Central Tax Dtd 27th June, 2017

  1. Pingback: Section 10 CGST Act 2017 - Composition levy - Tax Heal

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  3. Pingback: Notification No 1/2018 Central Tax - Tax Heal

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