Goods and Services Tax – Started By: – Aitha RajyaLakshmi – Dated:- 14-4-2017 Last Replied Date:- 5-5-2017 – Sir,Whether the rates prescribed (0.5%, 1%, 2.5%) for the Assesses availing Composition scheme is the final rate taxable or this is only the rates in CGST Bill and the tax rate for levy is to be doubled (CGST+SGST) i.e., 1%, 2%, 5%. – Reply By Himansu Sha – The Reply = It is the final rate. – Reply By Himansu Sha – The Reply = Others experts may also give their views – Reply By Ganeshan Kalyani – The Reply = The rates are including both CGST and SGST. – Reply By Aitha RajyaLakshmi – The Reply = Notwithstanding anything to the contrary contained in this Act but subject to the provisions of sub-sections (3) and (4) of section 9, a reg
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rease the said limit of fifty lakh rupees to such higher amount, not exceeding one crore rupees, as may be recommended by the Council. – Reply By MADAN RAHEJA – The Reply = Provisions contained in CGST Act, 2017 relate only to CGST. As regards SGST, Acts that would be passed by different states would make provisions of CGST Act applicable mutatis mutandis. For example UTGST Act, which is applicable to Union Territories (as good as State), Section 21 states that provisions of CGST Act so far they relate to Composition shall be mutatis mutandis applicable meaning thereby that rates mentioned in CGST Act shall be applicable. In my view composition rates for CGST and SGST would be leviable seperately. Incidently there is no composition provisio
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