CBEC passesorder to allow"exempted" service provider under composition scheme

CBEC passesorder to allow"exempted" service provider under composition scheme Benefit of Composition Scheme can also be availed by persons p

Ankita Khetan

Oct 16, 2017

Last update on Oct 16, 2017

CBEC passesorder to allow"exempted" service provider under composition scheme

Benefit of Composition Scheme can also be availed by persons providing exempted services under GST. Order was passed toremove difficulties in implementing provisions of composition scheme.

A similar order no. 1/2017 - Central Tax ( on 13th October, 2017) was also passed by Central Tax to extend the benefit of composition scheme to persons providing the services which are exempted under GST regime.

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,SECTION 3, SUB-SECTION (ii)]

Government of India Ministry of Finance (Department of Revenue)

New Delhi, the 13th October, 2017

THE UNION TERRITORY GOODS AND SERVICES TAX (REMOVAL OFDIFFICULTIES) ORDER, 2017

Order No. 01/2017-Union Territory Tax

S.O. (E). Whereas, difficulties have arisen in giving effect to the provisions of the UnionTerritory Goods and Services Tax Act, 2017 (14 of 2017), in so far as it relates to theprovisions of section 21 of the said Act read with section 10 of the Central Goods andServices Tax Act, 2017 (12 of 2017); Now, therefore, in exercise of the powers conferred by section 26 of the Union TerritoryGoods and Services Tax Act, the Central Government, hereby makes the following Order,namely: - 1. This Order may be called the Union Territory Goods and Services Tax (Removal ofDifficulties) Order, 2017. 2. For the removal of difficulties,-

(i) it is hereby clarified that if a person supplies goods and/or services referred to in clause (b)of paragraph 6 of Schedule II of the Central Goods and Services Tax Act, 2017 and alsosupplies any exempt services, including services by way of extending deposits, loans oradvances in so far as the consideration is represented by way of interest or discount, the saidperson shall not be ineligible for the composition scheme under section 10 of the said Act,subject to the fulfillment of all other conditions specified therein.

(ii) it is further clarified that in computing his aggregate turnover in order to determine hiseligibility for composition scheme, value of supply of any exempt services including servicesby way of extending deposits, loans or advances in so far as the consideration is representedby way of interest or discount, shall not be taken into account.

[F. No. 354/173/2017-TRU]

(Ruchi Bisht) Under Secretary to the Government of India

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