Amendment in the prescribed Composition Scheme for persons having annual turnover up to Rs 50 lakhs

Apr 22, 2019 | by Avantis RegTech Legal Research Team


The Revenue Department of Andhra Pradesh on April 15, 2019, with the recommendations of the Goods and Services Tax Council, make amendments in the Notification G.O.Ms. No 255, Revenue (CT-II) department, dated March 20, 2019 in exercise of the powers conferred under Andhra Pradesh Goods and Services Tax Act, 2017.

 The amendments made are:

•In the Table, in column 3, Clause 8 has been added.

     “Where any registered person who has availed of input tax credit opts to pay tax under this notification, he shall pay an amount, by way of debit in the electronic credit ledger or electronic cash ledger, equivalent to the credit of input tax in respect of inputs held in stock and inputs contained in semi-finished or finished goods held in stock and on capital goods as if the supply made under this notification attracts the provisions of Section 18(4) of the said Act and the rules made there-under and after payment of such amount, the balance of input tax credit, if any, lying in his electronic credit ledger shall lapse.”

•In Paragraph 3, in the explanation, Clause (iii) has been added.

        “the Andhra Pradesh Goods and Services Tax Rules, 2017, as applicable to a person paying tax under section 10 of the said Act shall, mutatis mutandis, apply to a person paying tax under this notification.”

[Notification No. G.O.Ms.No.279, Revenue (CT-II)]

Click here to download the Notification.


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