Tax Consultant

  Rule 7. Rate of tax of the composition levy. - The category of registered persons, eligible for composition levy under   section 10   and the provisions of this Chapter, specified in column (2) of the Table below shall pay tax under   section 10   at the rate specified in column (3) of the said Table:   - 1 [   TABLE Sl. No. Section under which composition levy is opted Category of registered persons Rate of tax (1) (1A) (2) (3) 1. Sub-sections (1) and (2) of   section 10 Manufacturers, other than manufacturers of such goods as may be notified by the Government half per cent. of the turnover in the State or Union territory 2. Sub-sections (1) and (2) of   section 10 Suppliers making supplies referred to in clause (b) of paragraph 6 of   Schedule II two and a half per cent. of the turnover in the State or Union territory 3. Sub-sections (1) and (2) of   section 10 Any other supplier eligible for composition levy under sub-sections ...

  Rule 6. Validity of composition levy. - (1) The option exercised by a registered person to pay tax under   section 10   shall remain valid so long as he satisfies all the conditions mentioned in the said section and under these rules. (2) The person referred to in sub-rule (1) shall be liable to pay tax under sub-section (1) of   section 9   from the day he ceases to satisfy any of the conditions mentioned in   section 10   or the provisions of this Chapter and shall issue tax invoice for every taxable supply made thereafter and he shall also file an intimation for withdrawal from the scheme in   FORM GST CMP-04   within seven days of the occurrence of such event. (3) The registered person who intends to withdraw from the composition scheme shall, before the date of such withdrawal, file an application in   FORM GST CMP-04 , duly signed or verified through electronic verification code, electronically on the common portal. (4) Where the...

  Rule 5. Conditions and restrictions for composition levy. - (1) The person exercising the option to pay tax under   section 10   shall comply with the following conditions, namely:   - (a) he is neither a casual taxable person nor a non-resident taxable   person; (b) the goods held in stock by him on the appointed day have not been purchased in   the course   of inter-State trade or commerce or imported from a place outside India or received from his branch situated outside the State or from his agent or principal outside the State, where the option is exercised under sub-rule (1) of   rule 3 ; (c) the goods held in stock by him have not been purchased from an unregistered supplier and where purchased, he pays the tax under sub-section (4) of   section 9 ; (d) he shall pay tax under sub-section (3) or sub-section (4) of   section 9   on inward supply of goods or services or   both; (e) he was not engaged in the manufacture of...

  Rule 4. Effective date for composition levy. - (1) The option to pay tax under   section 10   shall be effective from the beginning of the financial year, where the intimation is filed under sub-rule (3) of   rule 3   and the appointed day where the intimation is filed under sub-rule (1) of the said rule. (2) The intimation under sub-rule (2) of   rule 3 , shall be considered only after the grant of registration to the applicant and his option to pay tax under   section 10   shall be effective from the date fixed under sub-rule (2) or (3) of   rule 10 .

Rule 3. Intimation for composition levy. - (1) Any person who has been granted registration on a provisional basis under clause (b) of sub-rule (1) of   rule 24   and who opts to pay tax under   section 10 , shall electronically file an intimation in   FORM GST CMP-01 , duly signed or verified through electronic verification code, on the common portal, either directly or through a Facilitation Centre notified by the Commissioner, prior to the appointed day, but not later than thirty days after the said day, or such further period as may be extended by the Commissioner in this behalf: Provided   that where the intimation in   FORM GST CMP-01   is filed after the appointed day, the registered person shall not collect any tax from the appointed day but shall issue bill of supply for supplies made after the said day. (2) Any person who applies for registration under sub-rule (1) of   rule 8   may give an option to pay tax under   section 10 ...

Circular No. 227/21/2024-GST F. No. CBIC-20001/4/2024-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing ***** New Delhi, Dated the 11th July, 2024   To, The Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/ Commissioners of Central Tax (All) The Principal Directors General/ Directors General (All) The Principal Chief Controller of Accounts, CBIC   Madam / Sir,   Subject: Processing of refund applications filed by Canteen Stores Department (CSD) – regarding   The Central Government, vide Notifications No. 06/2017-Central Tax (Rate), No. 06/2017-Integrated Tax (Rate) and No. 06/2017-Union territory Tax (Rate), all dated 28 th June 2017, had specified the Canteen Stores Department (“CSD” for short), under the Ministry of Defense, as a person who shall be entitled to claim a refund of fifty per cent of the applicable central tax,...