Tripura Government extends the limit of threshold of aggregate turnover for availing Composition Scheme to Rs. 1.5 crores

Mar 13, 2019 | by Avantis RegTech Legal Research Team

The State Government of Tripura on March 08, 2019, has issued a Notification in supersession of the Notification no F.1-11(91)-TAX/GST/2017(Part) dated the June 29, 2017, except as things done or omitted to be done before such supersession, on the recommendations of the Council, specifying that an eligible registered person, whose aggregate turnover in the preceding financial year did not Seventy five lakh rupees, may opt to pay, in lieu of the tax payable by him under Section 9(1) of the Tripura Goods and Services Tax Act, 2017, an amount of tax as prescribed under Rule 7 of the Tripura Goods and Services Tax Rules, 2017 which specifies the rate of tax of the composition levy:

Provided further that the registered person will not be eligible to opt for composition levy under Section 10(1) of the Tripura Goods and Services Tax Act, 2017, which specifies the provisions regarding Composition Levy, if such person is a manufacturer of the goods like Ice cream and other edible ice, whether or not containing cocoa; pan masala; all goods, that is tobacco and manufactured tobacco substitutes, as specified in column (3) of the Table (Page 1).

This Notification will come into force on April 01, 2019.

[Notification No. F. 1 -1 1 (91)-TAX/GST /2019 (Part)]

Click here to download a Notification. 


Related Updates

Alternate Text

Get updates on the go on RuleZbook Mobile App.