The Central Government has notified that the GST Composition levy would be applicable to services from 1st February 2019.
A Notification issued by the Central Board of Indirect Taxes and Customs (CBIC) said that for the portion beginning with the words “an amount calculated at the rate of” and ending with the words “half per cent. of the turnover of taxable supplies of goods in State in case of other suppliers”, the words and figures, “an amount of tax calculated at the rate specified in rule 7 of the Central Goods and Services Tax Rules, 2017:” shall be substituted.
The Central Goods and Services Tax Rules has also been amended in this regard.
In the last GST Council meeting held on 10th January, it was recommended to extend the benefit of the scheme for small service suppliers or mixed suppliers (goods and services), with a GST rate of 6 percent.
As per the amended rules, any person having multiple places of business within a State or Union territory, requiring a separate registration for any such place of business under sub-section (2) of section 25 shall be granted separate registration in respect of each such place of business subject to conditions.
The notification also amended the form for declaration for transfer of ITC pursuant to registration under sub-section (2) of the section and the appeal forms.
