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Exemption from registration for any person engaged in Exclusive supply of goods.[1]

Any person engaged in exclusive supply of good and whose aggregate turnover in financial year does not exceed Rs. 40 lakh, expect-

a. Person required to take compulsory registration
b. Person engaged in supply of Ice cream or edible ice, whether or not containing Cocoa, Pan Masala, All goods which contains Tobacco and manufactured tobacco substitutes
c. Person engaged in Intra state supplies in Special categories states
d. Person exercising option for Voluntary registration

(Note: Exclusive Supply of goods means Supply of goods which are not liable to GST or wholly exempt from tax)

Time limit for Furnishing Returns/Forms for period April 2019- June 2019[2]

Forms/Returns--------------------------------------------Due date

Form GSTR-1(Quarterly)----------------------------------31st July 2019
Form GSTR-1 (Monthly)-----------------------------------11th day of Succeeding such month
Form GSTR-3B(Monthly)----------------------------------20th day of Succeeding such month

Extend the limit of threshold of aggregate turnover for availing Composition Scheme[3]

On the recommendation of 32nd GST Council meeting it is hereby specified that an Eligible registered person whose aggregate turnover in the preceding financial year did not exceed Rs. 1.5 Crores may opt to pay tax under Composition scheme.

However, the threshold limit for Special category states remains same i.e Rs. 75 Lakh for opting to pay tax under Composition scheme.

Special category states are (i) Arunachal Pradesh, (ii) Manipur, (iii) Meghalaya, (iv) Mizoram, (v) Nagaland, (vi) Sikkim, (vii) Tripura viii) Uttarakhand

Composition scheme for Supplier of Goods or Services with a tax rate of 6% having annual turnover in preceding year upto Rs 50 lakhs.[4]

Tax rate of 6% is to be charged on First supplies of goods or services or both upto an aggregate turnover of Rs. 50 lakh made on or after the 1st day of April in any financial year, by a registered person.

Eligible only if following conditions are satisfied:

1. Supplies are made by registered persons:

a. whose aggregate turnover is the preceding financial year is Rs. 50 lakh or below;
b. who is not eligible to pay tax under Composition scheme;
c. who is not making any supplies which are not leviable for tax;
d. who is not engaged in any inter-state outward supplies;
e. who is not engaged in making any supply through an e-commerce operators;
f. who is not engaged in supplied of Ice cream or edible ice, whether or not containing Cocoa, Pan Masala, All goods which contains Tobacco and manufactured tobacco substitutes.

2. Where more than one registered person are having same PAN than turnover of all such registered person shall be taken into account for calculating aggregate turnover.

3. The registered person shall not be eligible for collect any tax from recipient nor shall he shall be entitle for Input tax credit.

4. The registered option for composition scheme under the said notification shall issue “Bill of Supply” and mention the following words on Bill of supply- “Taxable person paying tax in terms of notification No. 2/2019-Central Tax (Rate) dated 07.03.2019, not eligible to collect tax on supplies’.

5. The registered person shall pay tax rate of 6% on all the outward supplied made by him.

6. The registered person liable to pay tax under reverse charge mechanism shall pay as per the rates applicable in such provisions.

  • [1] Notification no. 10/2019- Central tax dated 07/03/2019
  • [2] Notification no. 11, 12 & 13/2019- Central tax dated 07/03/2019
  • [3] Notification no. 14/2019-Central tax dated 07/03/2019
  • [4] Notification 02/2019- Central tax(Rate) dated 07/03/2019


Published by

CA Urvashi Joshi
(Chartered Accountant)
Category GST   Report

7 Likes   5 Shares   14913 Views


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