Notification of composition levy and aggregate turnover limit of an eligible registered person for opting composition levy under the Kerala GST Ordinance, 2017 - G.O. (P) No. 60/2017/TAXES - Kerala SGST

GOVERNMENT OF KERALA Taxes (B) Department NOTIFICATION G.O.(P) No 60/2017/TAXES Dated, Thiruvananthapuram, 30th June., 2017 S.R.O.No......../2017 .- In exercise of the powers conferred under the proviso to sub-section (1) of section 10 of the Kerala Goods Services Tax Ordinance, 2017 (11 of 2017) (hereinafter referred to as the said Ordinance, the Government, on the recommendations of the Council, hereby specifies that 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 State tax payable by him, an amount calculated at the rate of, - (i) one percent of the turnover in the State in the case of a manufacturer; (ii) two and a half percent of the turnover in the State in case of persons engaged in making supplies referred to in clause(b) of paragraph 6 of Schedule II of the said Ordinance ; and (iii) half percent of the turnover in the State in case of other suppliers: Provided that the registered person shall not be eligible to opt for composition levy under sub-section (1) of section 10 of the said ordinance 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, namely:- 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 coccoa 2 2106 90 20 Pan masala 3 24 All goods, i.e. tobacco and manufactured tobacco substitutes 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 (Central Act 51 of 1975) (2) The rules for the interpretation of the First Schedule to the said Customs Tariff Act 1975 (Central Act 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. This notification shall come into force with effect from the 1st day of July 2017. By order of the Governor, MINHAJ ALAM, Secretary to Government Explanatory Note (This does not form part of the notification, but is intended to indicate its general purport.) As per the proviso to sub-section (1) of section 10 the Government may by notification increases the aggregate turnover limit of an eligible registered person for opting composition levy. Accordingly Government has decided to increase this limit to rupees Seventy five Lakhs. Further, as per clause (e) of sub-section (2) of section 10 , the manufacturers of certain goods to be notified by the Government on the recommendation of the Council shall not be eligible for opting composition levy under section 10 . The Government has decided to notify such manufacturers under this clause. The notification is intended to achieve the above object.