The Synthetic & Rayon Textiles Export Promotion Council

CBIC seeks to supersede notification No. 08/2017 - Central Tax dated 27.06.2017 in order to extend the limit of threshold of aggregate turnover for availing Composition Scheme u/s 10 of the CGST Act, 2017 to Rs. 1.5 crores.

Circular No.ES/ 410 /2018-19                                                        March 8, 2019

To: Members of the Council

Sub.: CBIC seeks to supersede notification No. 08/2017 - Central Tax dated 27.06.2017 in order to extend the limit of threshold of aggregate turnover for availing Composition Scheme u/s 10 of the CGST Act, 2017 to Rs. 1.5 crores.

Dear Member,

This to inform you that CBIC has issued Notification No. 14/2019- Central Tax dated 7th March, 2019 notifying that a registered person, whose aggregate turnover in the preceding financial year did not exceed one crore and fifty lakh rupees, may opt to pay, in lieu of the tax payable by him, under rule 7 of the CGST Rules.

The aggregate turnover in the preceding financial year shall be seventy-five lakh rupees in the case of a registered person, from any of  the following States, namely: –

(i) Arunachal Pradesh,

(ii) Manipur,

(iii) Meghalaya,

(iv) Mizoram,

(v) Nagaland,

(vi) Sikkim,

(vii) Tripura,

(viii) Uttarakhand:

The registered person shall not be eligible to opt for composition levy if he is a manufacturer of the goods, pertaining to Tariff item21050000, 21069020 and all goods under Chapter 24.

Members may kindly make a note that this notification shall come into force w.e.f. 1st April, 2019.

Thanking you,              

Yours faithfully,

S. BALARAJU
EXECUTIVE DIRECTOR