[TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA,
EXTRAORDINARY]
GOVERNMENT
OF
INDIA MINISTRY OF
FINANCE
(Department of Revenue)
Notification No. 8/2017-Central Tax
New Delhi, the 27th June, 2017
G.S.R. (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:-
|
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]
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