CGST Notification No. 8/2017-Central Tax dated 27.06.17

Seeks to to notify the turnover limit for Composition Levy for CGST

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[TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTEOF 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) ofsection 10 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereinafterreferred 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 thepreceding financial year did not exceed seventy five lakh rupees, may opt to pay, in lieu ofthe 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 inmaking supplies referred to in clause (b) of paragraph 6 of Schedule II of the saidAct, 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 lakhrupees 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 compositionlevy under sub-section (1) of section 10 of the said Act if such person is a manufacturer of thegoods, the description of which is specified in column (3) of the Table below and fallingunder the tariff item, sub-heading, heading or Chapter, as the case may be, as specified in thecorresponding entry in column (2) of the said Table:-

TABLE

Explanation.

(1) In this Table, tariff item, sub-heading, heading and chapter shall meanrespectively a tariff item, sub-heading, heading and chapter as specified in the First Scheduleto 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 ExplanatoryNotes of the First Schedule shall, so far as may be, apply to the interpretation of thisnotification.

[F.No.354/117/2017-TRU]

(Mohit Tewari)
Under Secretary to the Government of India

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• Download the official notification 8/2017 Central Tax dated 27.06.2017