Composition scheme for supplier of services with a tax rate of 6% having annual turn over in preceding year upto 50 lakhs under the BGST Act, 2017
2\/2019- State Tax (Rate) Dated:- 7-3-2019 Bihar SGST
GST – States
Bihar SGST
Bihar SGST
COMMERCIAL TAX DEPARTMENT
\nNOTIFICATION
\nThe 7th March 2019
\nNotification No. 2\/2019- State Tax (Rate)
\nS.O. 47, Dated 7th March 2019.- In exercise of the powers conferred by sub-section (1) of section 9, sub-section (1) of section 11, sub-section (1) of section 16 of the Bihar Goods and Services Tax Act, 2017 (12 of 2017)(herein after referred to as the “said Act”), the Governor of Bihar, on the recommendations of the Council, and on being satisfied that it is necessary in the public interest so to do, hereby notifies that the State tax, on the intra-State supply of goods or services or both as specified in column (1) of the Table below, shall be levied at the rate specified in the corresponding entry in column (2), subject to the conditio<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n d in making supplies of the goods, the description of which is specified in column (3) of the Annexure below and falling under the tariff item, sub-heading, heading or Chapter, as the case may be, as specified in the corresponding entry in column (2) of the said annexure. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n tification, include the supplies from the first day of April of a financial year to the date from which he becomes liable for registration under the said Act but for the purpose of determination of taxpayable under this notification shall not include the supplies from the first day of April of a financial year to the date from which he becomes liable for registration under the Act. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Composition scheme for supplier of services with a tax rate of 6% having annual turn over in preceding year upto 50 lakhs under the BGST Act, 20172\/2019- State Tax (Rate) Dated:- 7-3-2019 Bihar SGSTGST – StatesBihar SGSTBihar SGSTCOMMERCIAL TAX DEPARTMENT NOTIFICATION The 7th March 2019 Notification No. 2\/2019- State Tax (Rate) S.O. 47, Dated 7th … Continue reading “Composition scheme for supplier of services with a tax rate of 6% having annual turn over in preceding year upto 50 lakhs under the BGST Act, 2017”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-17280","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/17280","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17280"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/17280\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\n2. Where more than one registered person are having the same Permanent account Number, issued under the Income Tax Act, 1961 (43 of 1961), State tax on supplies by all such registered persons is paid at the rate specified in column (2) under this notification.
\n3. The registered person shall not collect any tax from the recipient on supplies made by him nor shall he be entitled to any credit of input tax.
\n4. The registered person shall issue, instead of tax invoice, a bill of supply as referred to in clause (c) of sub-section (3) of section 31 of the said Act with particulars as prescribed in rule 49 of Bihar Goods and Services Tax Rules.
\n5. The registered person shall mention the following words at the top of the <\/p>\n
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\nANNEXURE
\nSerial Number
\nTariff item, sub-heading, heading or Chapter
\nDescription
\n(1)
\n(2)
\n(3)
\n1
\n2105 00 00
\nIce cream and other edible ice, whether or not containing cocoa.
\n2
\n2106 90 20
\nPan masala
\n3
\n24
\nAll goods, i.e. Tobacco and manufactured tobacco substitutes
\n2. In computing aggregate turnover in order to determine eligibility of a registered person to pay State tax at the rate of three percent under this notification, value of supply of exempt 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 t<\/p>\n
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