UNION TERRITORY TAX (RATE) NTF NO. 02/2019 DATE 07/03/2019
Give composition scheme for supplier of services with a tax rate of 6% having annual turn over in preceding year upto Rs 50 lakhs
G.S.R. (E). - In exercise of the powers conferred by sub-section (1) of section 7, sub-section (1) of section 8, clause (v) of section 21 of the Union Territory Goods and Services Tax Act, 2017 (14 of 2017), read with sub-section (1) of section 16 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (herein after referred to as the “said Act”), the Central Government, on the recommendations of the Council, and on being satisfied that it is necessary in the public interest so to do, hereby notifies that the Union Territory Tax, on the intra-State supply of goods or services or bothas specified in column (1)of the Tablebelow, shall be leviedat the rate specified inthe corresponding entry incolumn (2), subject to the conditions as specified in the corresponding entry in column (3) of the said table below, namely:-
Table
|
Description of supply |
Rate (per cent.) |
Conditions |
|
(1) |
(2) |
(3) |
|
First supplies of goods or servicesor both upto an aggregate turnover of fifty lakh rupees made on or after the 1st day of April in any financial year, by a registered person. |
3 |
1. Supplies are made by a registered person, -
(i) whose aggregate turnover in the preceding financial year was fifty lakh rupees or below;
(ii) who is not eligible to pay tax under sub-section (1) of section 10 of the said Act;
(iii) who isnot engaged in making any supply which isnot leviable to tax under the said Act;
(iv) who is not engaged in making any inter-State outward supply;
(v) who is neither a casual taxable person nor a non-resident taxable person;
(vi) who is not engaged in making any supply through an electronic commerce operator who is required to collect tax atsource under section 52;and
(vii) who is not engaged in making supplies of the goods, the description of which is specified in column (3) of the Annexure below and falling under the tariff item, sub-heading, heading or Chapter, as the case may be, as specifiedin the corresponding entry in column (2) of the said annexure.
2. Wheremore thanone registeredpersonsarehaving the same Permanent Account Number, issued under the Income Tax Act, 1961(43of 1961), union territory taxon supplies by all such registered persons is paid at the rate specified in column (2) under this notification.
3. The registered person shall not collect any taxfrom the recipient on supplies made by him nor shall he be entitled to any credit of input tax.
4. The registered person shall issue, instead of tax invoice, a bill of supply as referred to in clause (c) of sub-section (3) of section 31 of the said Act with particulars as prescribed in rule 49 of Central Goods and Services TaxRules.
5. The registered person shall mention thefollowing wordsat the top of the bill of supply, namely: - ‘taxable personpaying tax in terms ofnotification No. 2/2019-Union Territory Tax (Rate) dated 07.03.2019, not eligible to collect tax on supplies’.
6. The registered person opting to pay union territory taxat the rate of threepercentunder this notification shall be liable to pay union territory taxat the rate of three percenton all outward supplies specified in column (1) notwithstanding any other notification issued under sub-section (1) of section 9 or under section 11 of saidAct.
7. The registered person opting to pay union territory taxat the rate of three percentunder this notification shall be liable to pay union territory taxon inward supplies on which he is liable to pay tax under sub-section (3) or, as the case may be, under sub-section (4) of section 9 of saidAct at the applicable rates.
Explanation.-For the purposes of this notification, the expression “first supplies ofgoods or services or both” shall, for the purposes of determining eligibility of a person to pay tax under this notification, include the supplies from the first day of April of a financial year to the date from which he becomes liable for registrationunder the said Actbut for the purpose of determination oftaxpayable under this notification shall not include the supplies from the first day of April of a financial year to the date from which he becomes liable for registration under the Act. |
ANNEXURE
|
Sl. 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 |
2. In computing aggregate turnoverin order to determine eligibilityof a registered person to pay union territory taxat the rate of three percentunder this notification,value of supply of exempt services by 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.
3. Explanation. - For the purpose of this notification, -(i) “tariff item”, “sub-heading”, “heading” and “chapter” shall mean respectively a tariff item, sub-heading, heading and chaptersspecified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975).(ii)the rulesfor the interpretation of the First Schedule to the said Customs Tariff Act, 1975 (51 of 1975), including the Section and ChapterNotes andthe General Explanatory Notes of the First Schedule shall, so far as may be, apply to the interpretation of thisnotification.
4. This notification shall come into force onthe 1stday of April, 2019.
[F. No.354/25/2019-TRU]
(Gunjan Kumar Verma)
Under Secretary to the Government of India
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