Clarification regarding exercise of option to pay tax under notification No. 2/2019- State Tax (Rate) dated 07.03.2019

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....der notification No. 2/2019- State Tax (Rate) dated 07.03.2019 Attention is invited to notification No. 02/2019-State Tax (Rate) dated 07.03.2019 (hereinafter referred to as "the said notification") which prescribes rate of State tax of 3% on first supplies of goods or services or both upto an aggregate turnover of fifty lakh rupees made on or after the 1st day of April in any financial....

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....id Act, hereby clarifies the issues raised as below:- (i) a registered person who wants to opt for payment of State tax @ 3% by availing the benefit of the said notification, may do so by filing intimation in the manner specified in sub-rule 3 of rule 3 of the said rules in FORM GST CMP-02 by selecting the category of registered person as "Any other supplier eligible for composition levy&quot....

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....the option to pay tax by availing the benefit of the said notification would be effective from the beginning of the financial year or from the date of registration in cases where new registration has been obtained during the financial year. 3. It may be noted that the provisions contained in Chapter II of the said Rules shall mutatis mutandis apply to persons paying tax by availing the benefit of....