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Amendment of section 10.

..... proviso, the following Explanation shall be inserted, namely:- Explanation.- For the purposes of second proviso, the value of exempt supply of services provided by way of extending deposits, loans or advances in so far as the consideration is represented by way of interest or discount shall not be taken into account for determining the value of turnover in a State or Union territory. ; (b) in sub- .....

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..... (1) of section 9, an amount of tax calculated at such rate as may be prescribed, but not exceeding three per cent. of the turnover in State or turnover in Union territory, if he is not- (a) engaged in making any supply of goods or services which are not leviable to tax under this Act; (b) engaged in making any inter-State outward supplies of goods or services; (c) engaged in making any supply of .....

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..... -section (2A), as the case may be, shall be inserted. (e) in sub-section (4), after the words, brackets and figure of sub-section (1) , the words, brackets, figure and letter or, as the case may be, sub-section (2A) shall be inserted. (f) in sub-section (5), after the words, brackets and figure under sub-section (1) , the words, brackets, figure and letter or sub-section (2A), as the case may be, .....

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..... ry shall not include the value of following supplies, namely:- (i) supplies from the first day of April of a financial year upto the date when such person becomes liable for registration under this Act; and (ii) exempt supply of services provided by way of extending deposits, loans or advances in so far as the consideration is represented by way of interest or discount. . Clause 92 of the Bill see .....

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