Section 10
Composition levy.
GST
LEVY AND COLLECTION OF TAX
Section 10 of Central Goods And Services Tax Act, 2017
Composition levy.
\n10. (1) Notwithstanding anything to the contrary contained in this Act but subject to the provisions of sub-sections (3) and (4) of section 9, a registered person, whose aggregate turnover in the preceding financial year did not exceed fifty lakh rupees, may opt to pay, 1[in lieu of the tax payable by him under sub-section (1) of section 9, an amount of tax calculated at such rate] as may be prescribed, but not exceeding,
\n (a) one per cent. of the turnover in State or turnover in Union territory in case of a manufacturer,
\n (b) two and a half per cent. of the turnover in State or turnover in Union territory in case of persons engaged in making supplies referred to in clause (b) of paragraph 6 of Schedule II, and
\n (c) half per cent. of the turnover in State or turnover in Union territory in case of other suppliers,
\nsubject to such<\/p>\n
= = = = = = = =<\/p>\n
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\n 4[(a) save as provided in sub-section (1), he is not engaged in the supply of services;]
\n (b) he is not engaged in making any supply of goods 14[or services] which are not leviable to tax under this Act;
\n (c) he is not engaged in making any inter-State outward supplies of goods 14A[or services];
\n (d) he is not engaged in making any supply of 15[****] services] through an electronic commerce operator who is required to collect tax at source under section 52; 6[****]
\n (e) he is not a manufacturer of such goods as may be notified by the Government on the recommendations of the 7[Council; and]
\n 8[(f) he is neither a casual taxable person nor a non-resident taxable person:]
\nProvided that where more than one registered persons are having the same Permanent Account Number [issued under the Income-tax Act, 1961 (43 of 1961)], the registered person shall not be eligible to opt for the scheme under sub-section (1) unless all such registered persons opt to pay tax under that <\/p>\n
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\n (e) a casual taxable person or a non-resident taxable person:
\nProvided that where more than one registered person are having the same Permanent Account Number issued under the Income-tax Act, 1961 (43 of 1961), the registered person shall not be eligible to opt for the scheme under this sub-section unless all such registered persons opt to pay tax under this sub-section.]
\n(3) The option availed of by a registered person under sub-section (1) 10[or sub-section (2A), as the case may be,] shall lapse with effect from the day on which his aggregate turnover during a financial year exceeds the limit specified under sub-section (1) 10A[or sub-section (2A), as the case may be.]
\n(4) A taxable person to whom the provisions of sub-section (1) 11[or, as the case may be, sub-section (2A)] apply shall not collect any tax from the recipient on supplies made by him nor shall he be entitled to any credit of inpu<\/p>\n
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\nExplanation 2.- For the purposes of determining the tax payable by a person under this section, the expression “turnover in State or turnover in Union territory” shall not include the value of following supplies, namely:
\n (i) supplies from the first day of April of a financial year upto the date when such person becomes liable for registration under this Act; and
\n (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.]
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\nNOTES:-
\n1.
\nSubstituted vide Section 5 of the Central Goods and Services Tax (Amendment) Act, 2018 w.e.f. 01-02-2019 before it was read as,
\n “in lieu of the tax payable by him, an amount calculated at such rate”
\n2.
\nSubstituted vide Section 5 of the Central Goods and Services Tax (Amendment) Act, 2018 w.e.f. 01-02-2019 before it was read as, “one crore rupees”
\n3.
\nInserted vide Section 5 of <\/p>\n
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\n11.
\nInserted vide Section 93 of the Finance (No. 2) Act, 2019 w.e.f. 01-01-2020
\n12.
\nInserted vide Section 93 of the Finance (No. 2) Act, 2019 w.e.f. 01-01-2020
\n13.
\nInserted vide Section 93 of the Finance (No. 2) Act, 2019 w.e.f. 01-01-2020
\n14.
\nInserted vide Section 119 of the Finance Act, 2020 w.e.f. 01-01-2021
\n14A.
\nInserted vide Section 119 of the Finance Act, 2020 w.e.f. 01-01-2021
\n14B.
\nInserted vide Section 119 of the Finance Act, 2020 w.e.f. 01-01-2021
\n15.
\nOmitted vide Section 137 of the Finance Act, 2023 w.e.f. 01-10-2023 before it was read as, “goods 14B[or”
\n16.
\nOmitted vide Section 137 of the Finance Act, 2023 w.e.f. 01-10-2023 before it was read as, “goods or”
\n17.
\nInserted vide Section 115 of the Finance (No. 2) Act, 2024 w.e.f. 01-11-2024
\n –
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