Seeks to amend notification No. 02/2019- Central Tax (Rate) so as to provide for application of Composition rules to persons opting to pay tax under notification no. 2/2019- Central Tax (Rate)

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..... ntral Tax (Rate) New Delhi, the 29th March, 2019 G.S.R. 268 (E).- In exercise of the powers conferred by sub-section (1) of section 9 , sub-section (1) of section 11 , sub-section (1) of section 16 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (herein after referred to as the said Act ), the Central Government, on the recommendations of the Council, and on being sa .....

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..... of inputs held in stock and inputs contained in semi-finished or finished goods held in stock and on capital goods as if the supply made under this notification attracts the provisions of section 18(4) of the said Act and the rules made there-under and after payment of such amount, the balance of input tax credit, if any, lying in his electronic credit ledger shall lapse. ; (ii) in paragraph 3, .....

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