Seeks to notify class of persons under proviso to section 39(1)

TRIPURA GAZETTE Published by Authority EXTRAORDINARY ISSUE PART--|-- Orders and Notifications by the Government of Tripura, The High Court, Government Treasury etc. GOVERNMENI- OF TIIIPURA FINANCE DEPARTME.NT (T,{XES & EXCISE) NO-F. 1 - 1 1 (9 I )-TAX /GST /2O2O(Part-III) Dated, Agartala, the ,29/12/2O20 . NOTIFICATION In exercise of the powers confened by proviso to sub-section (1) of section 39 read ,w'itir proviso to sub-section (7) of section 39 of the Tripura State Goods and Services I'ax Act, ZOyT (Tripura Act No. 9 of 2O17) (hereafter in this notification rcferred to as the said Acr), the Governrnent, on the recornmendations of the Council, hereby notifies the registered persons, other than aperson referred to in section 14 of the Integrated Goods and Services -fax Act. 2Ol7 (13 of 201'1), having an aggregate filrnover ofup to five crore rupees in the preceding financial year, and vrho have opted to furnish a return for every quartcr, under sub-rule (1) of rule 6l,4, of the Tripura State Goods and Services Tax Rules, 2Ol7 (hereafter in this notification referred to as the said rules) as the class of persons wtro shall, subject to the following conditions and restrictions, fi-rmish a returrr for ewery quarler frorn January, 2O2I onrvards, and pay ttre tax due every, rnonth in accordance q'ith the proviso to sub-section (7) of section 39 of the said Act, narnely: -(i) the return for the preceding rnonth, as due on the dale of exercising such option, has been firrnished: (ii) where such option tras been exercised once, they shall continue to fi:rnish the return as per the selected option for future tax periods, unless they, revise the same. (2) A registered person whose aggregate turnover crosses five crore rupees during a quarter irr a financial year shall not be eligible for furnishing of return on quarterly basis frorn the first molth of the succeeding quarter. (3) For the registered person falling in the class specified in colurnn (2) of the Table below, *'ho have fi.rrnished the return for the tax period October, 2O2A on or bsfore 30tl' November, 2020, it shall be deerned that they have opted under sub-rule (l) of rule 61.4' of the said rules for the rnonthllr or quarterly fi.rmishing of return as mentioned in colurnn (3) of the said Table:- Table st. No. Class of registered pcrsrrrr Deemed Option I Registered persons having aggregate turnover of up to 1.5 crore rupees, uzho have furnished For{M GsrR-l on quarterly basis in the curretrl financial year Quarterly return Regislered persons having aggregate turnover of up to i.5 cror.e rupecs, r.vho have furnished FORM GSTR-I on monthlv basis in the currcnt financial year Monthly return Tripura Gazette, Extraordinary Issue, December 29, 2O2O A. D. Registered persons having aggregate turnover more jhan 1.5 crore rupees and up to 5 crore rupees in the preceding financial year (a) The registered persons referred to in column (2) of the option electronically, on the common portal, during the period to the 3l't day of January, 2021 . said l'able,. may change the default from the 5tn day of December,2020 By order of the Govemor. ViJ-) Joint Secretary Government of Tripura Finance Department 2Printed at the Tripura Government press, Agartala.