Concessional state tax rate applies to first intra state supplies; eligible registered suppliers pay fixed rate and cannot collect tax. Notification levies state tax at three percent on intra State first supplies of goods or services up to an aggregate turnover of fifty lakh rupees by a registered person, subject to eligibility conditions (turnover threshold, exclusion of inter State and exempt supplies, prohibition on casual/non resident registrants and supplies via TCS e commerce operators, and specified excluded goods). Registrants sharing a PAN are aggregated; registrants under this rate shall not collect tax or claim input tax credit, must issue a bill of supply with a prescribed declaration, and remain liable for tax on inward supplies at applicable rates. Effective 1 April 2019.
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Concessional state tax rate applies to first intra state supplies; eligible registered suppliers pay fixed rate and cannot collect tax.
Notification levies state tax at three percent on intra State first supplies of goods or services up to an aggregate turnover of fifty lakh rupees by a registered person, subject to eligibility conditions (turnover threshold, exclusion of inter State and exempt supplies, prohibition on casual/non resident registrants and supplies via TCS e commerce operators, and specified excluded goods). Registrants sharing a PAN are aggregated; registrants under this rate shall not collect tax or claim input tax credit, must issue a bill of supply with a prescribed declaration, and remain liable for tax on inward supplies at applicable rates. Effective 1 April 2019.
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