<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Rate on First supplies upto fifty lakh rupees in any financial year by a registered person</title>
    <link>https://www.taxtmi.com/notifications?id=129359</link>
    <description>State tax is notified at a concessional rate for first supplies of goods or services up to an aggregate turnover threshold in a financial year by a registered person subject to conditions: prior year turnover within threshold, ineligibility for composition, no exempt or inter State supplies, not a casual/non resident person, no supplies through specified e commerce operators, and exclusion of specified goods in the annexure. Optioning suppliers must not collect tax, cannot claim input tax credit, must issue a bill of supply with a prescribed declaration, and remain liable for tax on specified outward and certain inward supplies. Notification effective 1 April 2019.</description>
    <language>en-us</language>
    <pubDate>Thu, 07 Mar 2019 00:00:00 +0530</pubDate>
    <lastBuildDate>Fri, 12 Apr 2019 15:42:00 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=566725" rel="self" type="application/rss+xml"/>
    <item>
      <title>Rate on First supplies upto fifty lakh rupees in any financial year by a registered person</title>
      <link>https://www.taxtmi.com/notifications?id=129359</link>
      <description>State tax is notified at a concessional rate for first supplies of goods or services up to an aggregate turnover threshold in a financial year by a registered person subject to conditions: prior year turnover within threshold, ineligibility for composition, no exempt or inter State supplies, not a casual/non resident person, no supplies through specified e commerce operators, and exclusion of specified goods in the annexure. Optioning suppliers must not collect tax, cannot claim input tax credit, must issue a bill of supply with a prescribed declaration, and remain liable for tax on specified outward and certain inward supplies. Notification effective 1 April 2019.</description>
      <category>Notifications</category>
      <law>GST - States</law>
      <pubDate>Thu, 07 Mar 2019 00:00:00 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/notifications?id=129359</guid>
    </item>
  </channel>
</rss>