Telangana Goods and Services Tax (Removal of Difficulties) Order, 2017 - G.O.Ms.No. 300 - Telangana SGST

GOVERNMENT OF TELANGANA Revenue (CT-II) Department G.O.Ms.No. 300 Dated: 29-12-2017 NOTIFICATION In exercise of the powers conferred by section 172 of the Telangana Goods and Services Tax Act, 2017(Act No.23 of 2017), the State Government, on recommendations of the Council, hereby issue the following Order for the purposes of the removal of certain difficulties arisen in giving effect to the provisions of the Telangana Goods and Services Tax Act, 2017 (Act No. 23 of 2017) , hereinafter in this order referred to as the said Act, in so far as it relates to the provisions of section 10 of the said Act:- (1) This Order may be called the Telangana Goods and Services Tax (Removal of Difficulties) Order, 2017. (2) For the removal of difficulties,- (i) it is hereby clarified that if a person supplies goods and/or services referred to in clause (b) of paragraph 6 of Schedule II of the said Act and also supplies any exempt services including services by way of extending deposits, loans or advances in so far as the consideration is represented by way of interest or discount, the said person shall not be ineligible for the composition scheme under section 10 subject to the fulfillment of all other conditions specified therein. (ii) it is further clarified that in computing his aggregate turnover in order to determine his eligibility for composition scheme, value of supply of any exempt services including services by way of extending deposits, loans or advances in so far as the consideration is represented by way of interest or discount, shall not be taken into account. 2. This order shall be deemed to have come into force with effect from 13th day of October, 2017. (BY ORDER AND IN THE NAME OF THE GOVERNOR OF TELANGANA) SOMESH KUMAR PRINCIPAL SECRETARY TO GOVERNMENT