Amendment in Notification No. 11/2017-Rate, dated the July, 2017 - S.O. 388 - Jammu and Kashmir SGST

GOVERNMENT OF JAMMU AND KASHMIR FINANCE DEPARTMENT Civil Secretariat, Jammu/Srinagar NOTIFICATION Srinagar, the 24 th of July, 2023 S.O. 388 - In exercise of the powers conferred by sub-section (l), sub-section (3) and sub-section (4) of section 9. sub-section (l) of section 11, sub-section (5) of section 15, sub-section (1) of section 16 and section 148 of the Jammu and Kashmir Goods and Services Tax Act, 2017 (Act No, V of 2017), the Government, on being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, hereby makes the following further amendments in the notification of the Government of Jammu and Kashmir, Finance Department SRO GST No. 11/2017-Rate, dated the July, 2017, namely:- In the said notification, in the Table, against serial number 9, in item (iii), in sub-item (b), in the entries under column (5), in condition (2), after these second proviso, the following provisions shall be inserted, namely:- Provided also that the option for the Financial Year 2023-2024 shall be exercised on or before the 31 st May, 2023: Provided also that a GTA who commences new business or crosses threshold for registration during any Financial Year, may exercise the option to itself pay GST on the services supplied by it during that Financial Year by making a declaration in Annexure V before the expiry of forty-five days from the date of applying for GST registration or one month from the date of obtaining registration whichever is later. . This notification shall deemed to have come in to force w.e.f. 9 th day of May, 2023. By order of the Government of the Jammu and Kashmir. (Santosh D Vaidya) IAS Principal Secretary to the Government, Finance Department