Composition Scheme - the Central Goods and Services Tax (Removal of Difficulties) Order, 2017

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..... VICES TAX (REMOVAL OF DIFFICULTIES) ORDER, 2017 Order No. 01/2017-Central Tax S.O. 3330 (E). Whereas, certain difficulties have arisen in giving effect to the provisions of the Central Goods and Services Tax Act, 2017 (12 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 ; Now, therefore, i .....

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..... 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. [F. No. 354/173/2017-TRU] (R .....

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