GST - Tamil Nadu Goods and Services Tax Act, 2017 - Tamil Nadu Goods and Services Tax (Removal of Difficulties) Order, 2017 - Notification - Issued - G.O. (Ms) No. 137 - Tamil Nadu SGST
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Composition scheme eligibility preserved where exempt services including interest or discount are excluded from aggregate turnover calculation. The Order clarifies that a person who supplies goods and/or services under clause (b) of paragraph 6 of Schedule II and also supplies exempt services, including interest or discount on deposits, loans or advances, is not ineligible for the composition scheme if other conditions are met. It further provides that the value of such exempt services shall be excluded from aggregate turnover when determining composition eligibility.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Composition scheme eligibility preserved where exempt services including interest or discount are excluded from aggregate turnover calculation.
The Order clarifies that a person who supplies goods and/or services under clause (b) of paragraph 6 of Schedule II and also supplies exempt services, including interest or discount on deposits, loans or advances, is not ineligible for the composition scheme if other conditions are met. It further provides that the value of such exempt services shall be excluded from aggregate turnover when determining composition eligibility.
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