Notification No. 08/2017 - Central Tax dated 27-06-2017 [Turnover limit for Composition levy]

Notification No. 08/2017 - Central Tax dtd 27-06-2017 & wef. superseded by Notification No. 14/2019-Central Tax dt. 07-03-2019.

In exercise of the powers conferred under the proviso to section 10(1) of the CGST Act, 2017

Turnover limit for Composition Levy =< Rs.1 Cr for other states

the Central Government prescribes that

an eligible RP, whose aggregate turnover in the preceding financial year did not exceed [1][Rs.1 Cr],

may opt to pay, in lieu of the central tax payable by him,

[2][tax calculated at the rate specified in rule 7]

1^st Proviso - Turnover limit for Composition Levy = Rs.75 lacs for specified states

aggregate turnover in the preceding FY shall be [3][Rs.75 lacs] in the case of an eligible registered person, registered u/s 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:

2^nd Proviso - Composition levy is not available to manufacturer of specified goods

the registered person shall not be eligible to opt for composition levy u/s 10(1),

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 specified in the corresponding entry in column (2) of the said Table:-

Table

S. No.	Tariff item, sub-heading, heading or Chapter	Description
(1)	(2)	(3)
1.	2105 00 00	Ice cream and other edible ice, whether or not containing cocoa
2.	2106 90 20	Pan masala
3.	24	All goods, i.e. Tobacco and manufactured tobacco substitutes

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.

(2) The rules for the interpretation of the First Schedule to the said Customs Tariff Act, 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.

[1] Substituted for words “seventy five lakh rupees” by Notification No. 46/2017-Central Tax dt. 13-10-2017.

[2] Substituted by Notification No. 05/2019-Central Tax dt. 29-01-2019 wef 01-02-2019. Earlier it read as under

an amount calculated at the rate of,–

(i) a[half 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) b[half per cent. of the turnover of taxable supplies of goods] in State in case of other suppliers.

a. Substituted for words “one per cent.” by Notification No. 01/2018-Central Tax dt. 01-01-2018.

b. Substituted for words “half per cent. of the turnover” by Notification No. 01/2018-Central Tax dt. 01-01-2018.

[3] Substituted for words “fifty lakh rupees” by Notification No. 46/2017-Central Tax dt. 13-10-2017.

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Turnover limit for Composition levy [Section 10(1) of CGST Act]

Notification No. 08/2017 - Central Tax dated 27-06-2017 [Turnover limit for Composition levy]