TaxTMI 
TaxTMI 
Prescribing Composition Scheme with 3% Rate of Tax for Persons Having Annual Turnovers up to 50 Lakhs in the Preceding Year and Supplies include Services
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....-In exercise of the powers conferred by sub-section (1) of section 9, sub-section (1) of section 16 of the Jammu and Kashmir Goods and Services Tax Act, 2017 (Act No. V of 2017), the Government, on the recommendations of the Council, and on being satisfied that it is necessary in the public interest so to do, hereby notifies that the State tax, on the intra-State supply of goods or services or bot....
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....x under the said Act ; (iv) who is not engaged in making any inter- State outward supply ; (v) who is neither a casual taxable person nor a non-resident taxable person ; (vi) who is not engaged in making any supply through an electronic commerce operator, who is required to collect tax at source under section 52 ; and (vii) who is not engaged in making supplies of the goods, the descriptio....
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....ars as prescribed in rule 49 of Jammu and Kashmir Goods and Services Tax Rules. 5. The registered person shall mention the following words at the top of the bill of supply, namely :- taxable person paying tax in terms of SRO Notification No.../ dated....03.2019, not eligible to collect tax on supplies''. 6. The registered person opting to pay central tax at the rate of three per cent. under thi....
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....ay of April of a finacial year to the date from which he becomes liable for registration under the said Act but for the purpose of determination of tax payable under this notification shall not include the supplies from the first day of April of a financial year to the date from which he become liable for registration under the Act. Annexure Sl. No. Tariff Item, sub-heading, heading or Chapter ....