Rajasthan Government revises the composition scheme with RGST Rules

Jan 31, 2019 | by Avantis RegTech Legal Research Team


On January 29, 2019 the State Government of Rajasthan with the recommendation of the Council makes amendment in Notification No.F.12(56)FD/Tax/2017-58 dated June 30, 2017. The following amendment is :

 

Previously amended Notification :

Notification No.F.12(56)FD/Tax/2017-58

Amended Notification :

Notification No. 05/2019 – State Tax

An eligible registered person, whose aggregate turnover in the preceding financial year did not exceed seventy five lakh rupees, may opt to pay, in lieu of the central tax payable by him, an amount calculated at the rate of:

(i)                  one percent 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)             half per cent. of the turnover in State in case of other suppliers

An eligible registered person, whose aggregate turnover in the preceding financial year did not exceed seventy five lakh rupees, may opt to pay, in lieu of the central tax payable by him, an amount of tax calculated at the rate specified in rule 7 of the Central Goods and Services Tax Rules, 2017.

 

 This notification shall come into force with effect from February 01, 2019.

 

URL: http://finance.rajasthan.gov.in/PDFDOCS/TAX/GST/F-GST-7947-29012019.pdf


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