9911796707
TMI BlogAmendment of section 10.X X X X Extracts X X X X X X X X Extracts X X X X ..... provided 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 for determining the value of turnover in a State or Union territory. ; (b) in sub-section (2),- (i) in clause (d), the word and occuring at the end shall be omitted; (ii) in clause (e), for the word Council: , the words Council; and s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n Union territory, if he is not (a) engaged in making any supply of goods or services which are not leviable to tax under this Act; (b) engaged in making any inter-State outward supplies of goods or services; (c) engaged in making any supply of goods or services through an electronic commerce operator who is required to collect tax at source under section 52; (d) a manufacturer of such goods or su ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , figure and letter or, as the case may be, sub-section (2A) shall be inserted. (f) in sub-section (5), after the words, brackets and figure under sub-section (1) , the words, brackets, figure and letter or sub-section (2A), as the case may be, shall be inserted. (g) after sub-section (5), the following Explanations shall be inserted, namely: Explanation 1. For the purposes of computing aggregate ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mes liable for registration under this Act; and (ii) exempt supply of services provided by way of extending deposits, loans or advances in so far as the consideration is represented by way of interest or discount. . - Clause 92 of the Bill seeks to amend section 10 of the Central Goods and Services Tax Act so as to provide alternative composition scheme for supplier of services or mixed suppliers ..... X X X X Extracts X X X X X X X X Extracts X X X X
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