Registered person shall not be eligible to opt for composition levy. - F.1-11(91)-Tax/GST/2017(Part) - Tripura SGST

GOVERNMENT OF TRIPURA FINANCE DEPARTMENT (TAXES EXCISE) No. F.1-11(91)-Tax/GST/2017(Part) Dated, Agartala, the 29 th June 2017. In exercise of the powers conferred under sub-section (1) of section 10 of the Tripura State Goods and Services Tax Act, 2017 (Tripura Act No 9 of 2017) (hereinafter referred to as the said Act), the State Government, on the recommendations of the Council, hereby prescribes that an eligible registered person, whose aggregate turnover in the preceding financial year did trot exceed fifty lakh rupees, may opt to pay, in lieu of the state tax payable by him, an amount calculated at the rate of,- (i) one per cent. of the turnover in State in case of a manufacturer, (ii) two and 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 supplies; Provided further that the registered person shall not be eligible to opt for composition levy under sub-section (1) of section 10 of the said Act is 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 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 said 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. 2. This notification shall come into force with effect from the 1 st day July, 2017. By order of the Governor (M. Nagaraju) Principal Secretary, Government of Tripura, Finance Department