Amendment in Notification G.O. Ms No. 123, Dt. 30.06.2017 - G.O.Ms.No. 33 - Telangana SGST

GOVERNMENT OF TELANGANA REVENUE (COMMERCIAL TAXES-II) DEPARTMENT G.O.Ms.No. 33 Dated: 10-02-2018 NOTIFICATION In exercise of the powers conferred under the proviso to sub-section (1) of section 10 of the Telangana Goods and Services Tax Act, 2017 (Act No. 23 of 2017) (hereinafter referred to as the said Act), the State Government, hereby makes the following amendments in G.O. Ms No. 123, Revenue (CT-II) Department, Dt. 30.06.2017, with effect from 1 st day of July, 2017 namely: - In the said G.O. for Serial Number 4, the following shall be substituted: In exercise of the powers conferred under the proviso to sub-section (1) of section 10 of the Telangana Goods and Services Tax Act, 2017 ( Act No. 23 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 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 per cent of the turnover in State in case of a manufacturer, (ii) two and a 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 Il of the said Act, and (iii) half per cent of the turnover in 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 Act 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 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 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. In supersession of the orders issued in 2nd reference read above, in the above para, for the words Seventy five lakh Rupees shall be substituted with one crore rupees with effect from 13 th day of October, 2017. 3. With effect from 1 st day of January, 2018 (a) in clause (i) of para 1 above, for the words one percent the words half percent shall be substituted, (b) in clause (iii) of para I above for the words half percent of the turnover , the words half percent of the turnover of taxable supplies of goods shall be substituted. (BY ORDER AND IN THE NAME OF THE GOVERNOR OF TELANGANA) SOMESH KUMAR PRINCIPAL SECRETARY TO GOVERNMENT