Conditions and restrictions for composition levy
Rule 5 of the Central Goods and Services Tax Rules, 2017 deals with conditions and restrictions for composition levy. The person exercising the option to pay tax under section 10 shall comply with the following conditions, namely: - (a) he is neither a casual taxable person nor a non-resident taxable person; The Act came into force on 22 Jun 2017.
(1) The person exercising the option to pay tax under section 10 shall comply with the following conditions, namely: - (a) he is neither a casual taxable person nor a non-resident taxable person;
(b) the goods held in stock by him on the appointed day have not been purchased in the course of inter-State trade or commerce or imported from a place outside India or received from his branch situated outside the State or from his agent or principal outside the State, where the option is exercised under sub-rule (1) of rule 3 ;
(c) the goods held in stock by him have not been purchased from an unregistered supplier and where purchased, he pays the tax under sub-section (4) of section 9 ;
(d) he shall pay tax under sub-section (3) or sub-section (4) of section 9 on inward supply of goods or services or both;
(e) he was not engaged in the manufacture of goods as notified under clause (e) of sub-section (2) of section 10 , during the preceding financial year;
(f) he shall mention the words "composition taxable person, not eligible to collect tax on supplies" at the top of the bill of supply issued by him; and (g) he shall mention the words "composition taxable person" on every notice or signboard displayed at a prominent place at his principal place of business and at every additional place or places of business.
(2) The registered person paying tax under section 10 may not file a fresh intimation every year and he may continue to pay tax under the said section subject to the provisions of the Act and these rules.
Rule 5, The Central Goods and Services Tax Rules, 2017 (Act G.S.R. 610(E) of 2017).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
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Questions about Rule 5
What does Rule 5 of the Central Goods and Services Tax Rules deal with?
Rule 5 of the Central Goods and Services Tax Rules is headed "Conditions and restrictions for composition levy". The person exercising the option to pay tax under section 10 shall comply with the following conditions, namely: - (a) he is neither a casual taxable person nor a non-resident taxable person;
How do I find court cases under Rule 5 of the Central Goods and Services Tax Rules?
In judgments and charge sheets this rule is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: CGST Rules 2017 5, rule 5 CGST Rules 2017, rule 5 of the Central Goods and Services Tax Rules. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Rule 5 of the Central Goods and Services Tax Rules, and has it changed?
Its own text turns on rule 10 (Issue of registration certificate), rule 9 (Verification of the application and approval), so none of them can safely be read on its own.
When did Rule 5 of the Central Goods and Services Tax Rules come into force?
Rule 5 of the Central Goods and Services Tax Rules, cited as CGST Rules 2017 5, came into force on 22 Jun 2017, having been enacted on 19 Jun 2017. It is in force as at the date shown on this page.
Other rules of this Act
- 89. Application for refund of tax, interest, penalty, fees or any other amount3731 words
- 43. Manner of determination of input tax credit in respect of capital goods and reversal thereof in certain cases3015 words
- 138. Information to be furnished prior to commencement of movement of goods and generation of e-way bill2970 words
- 42. Manner of determination of input tax credit in respect of inputs or input services and reversal thereof2706 words
- 164. Procedure and conditions for closure of proceedings under section 128A in respect of demands issued under section2150 words
- 8. Application for registration2144 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Parsed from the consolidated PDF published by CBIC at taxinformation.cbic.gov.in. The provision list against which this parse was checked comes from the same portal, so a rule the document omits is still recorded. This page is not a substitute for legal advice.