Seeks to notify the turnover limit for Composition Levy for UTGST and Manufacturers of Certain Goods not eligible for benefit of Composition Scheme u/s 10(1) - 02/2017 - Union Territory GST (UTGST)

GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 2/2017-Union Territory Tax New Delhi, the 27th June, 2017 G.S.R. 648 (E).- In exercise of the powers conferred by sub-section (1) and sub-section (2) of section 10 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereinafter referred to as the said Act) read with section 21 of the Union Territory Goods and Services Tax Act, 2017 (14 of 2017) , the Central Government, on the recommendations of the Council, hereby prescribes that an eligible registered person, whose aggregate turnover in the preceding financial year did not exceed 1 [one crore rupees], may opt to pay, in lieu of the tax payable by him, an amount calculated at the rate of, (i) 2 [half per cent.] of the turnover in Union territory in case of a manufacturer, (ii) two and a half per cent. of the turnover in Union territory 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) 3 [half per cent. of the turnover of taxable supplies of goods] in Union territory in case of other suppliers: Provided that a registered person shall not be eligible to opt for composition levy under sub-section (1) of section 10 of the said Act read with section 21 of the Union Territory Goods and Services Tax Act, 2017 if such person is a manufacturer of the goods, the description of which is specified in column (3) of the Table below and falling under the tariff item, sub-heading, heading or Chapter, as the case may be, as specified in the corresponding entry in column (2) of the said Table:- TABLE S. 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 4 [ 4. 6815 5 [ Fly ash bricks; Fly ash aggregates; Fly ash blocks ] 5. 6901 00 10 Bricks of fossil meals or similar siliceous earths 6. 6904 10 00 Building bricks 7. 6905 10 00 Earthen or roofing tiles ] Explanation. (1) In this Table, tariff item , sub-heading , heading and chapter shall mean respectively a tariff item, sub-heading, heading and chapter as specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975). (2) The rules for the interpretation of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) , including the Section and Chapter Notes and the General Explanatory Notes of the First Schedule shall, so far as may be, apply to the interpretation of this notification. [F.No.354/117/2017-TRU] (Mohit Tewari) Under Secretary to the Government of India ******************** Notes:- 1. Substituted vide Notification No. 16/2017 (U.T.) - Dated 13-10-2017, before it was read as, seventy five lakh rupees 2. Substituted vide Notification No.1/2018 (U.T.) Dated 01-01-2018, before it was read as, one per cent. 3. Substituted vide Notification No.1/2018 (U.T.) Dated 01-01-2018, before it was read as, half per cent. of the turnover 4. Inserted vide NOTIFICATION NO. 02/2022-Union Territory Tax dated 31-03-2022 w.e.f. 01-04-2022 5. Substituted vide Notification No. 04/2022-Union Territory Tax dated 13-07-2022 w.e.f. 18-07-2022 before it was read as, Fly ash bricks or fly ash aggregate with 90 per cent. or more fly ash content; Fly ash blocks