Receive Daily Updates by Email (Free Subscription)

[IGST] Exemption To A Person Making Inter-State Taxable Supplies Of Handicraft Goods From The Requirement To Obtain Registration

CBEC, vide Notification No. 8/2017–Integrated Tax dated the 14th September, 2017, has granted exemption to a person making inter-State taxable supplies of handicraft goods from the requirement to obtain registration.

G.S.R. 1156(E).— In exercise of the powers conferred by section 20 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017) read with sub-section (2) of Section 23 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the “said Act”), the Central Government, on the recommendations of the Council, hereby specifies the persons making inter-State taxable supplies of handicraft goods as the category of persons exempted from obtaining registration under the aforesaid Act.

Provided that the aggregate value of such supplies, to be computed on all India basis, does not exceed an amount of twenty lakh rupees in a financial year:

Provided further that the aggregate value of such supplies, to be computed on all India basis, does not exceed an amount of ten lakh rupees in case of Special Category States, other than the State of Jammu and Kashmir.


2. The persons making inter-State taxable supplies mentioned in the preceding paragraph shall be required to obtain a Permanent Account Number and generate an e-way bill in accordance with the provisions of rule 138 of the Central Goods and Services Tax Rules, 2017.

Explanation : For the purposes of this notification, the expression “handicraft goods” means the products mentioned in column (2) of the Table below and the Harmonized System of Nomenclature (HSN) code mentioned in the corresponding entry in column (3) of the said Table, when made by the craftsmen predominantly by hand even though some machinery may also be used in the process:—

TABLE

goods and services tax gst



HINDI VERSION OF THE NOTIFICATION - LINK & CORRIGENDUM - LINK

No comments:

Post a Comment

Share your valuable opinion or your query here.

Additional Info

privacy policy