TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II; SECTION 3, SUB-SECTION (ii)] — LIST OF AMENDING ACTS

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II; SECTION 3, SUB-SECTION (ii)] Government of India Ministry of Finance (Department of Revenue) [Central Board of Indirect Taxes and Customs] ORDER No. 01/2019- Union Territory Tax New Delhi; the 1 February, 2019 S.O.(E): WHEREAS, section 21 of the Union Territory Goods and Services Tax Act; 2017 (14 of 2017) read with sub-section (1) of section 10 of the Central Goods and Services Tax Act; 2017 (12 of 2017) (hereafter in this Order referred to as the said Act) provides that- 1) a registered person engaged in the supply of services, other than supply of service referred to in clause (b) of paragraph 6 of Schedule II to the said Act, may opt for the scheme under the said sub-section; (ii) a person who opts for the said scheme may supply services (other than those referred to in clause (b) of paragraph 6 of Schedule II to the said Act), of value not exceeding ten per cent: of turnover in a State or Union territory in the preceding financial year O five lakh rupees, whichever is higher; AND WHEREAS, section 21 of the Union Territory Goods and Services Tax Act; 2017 read with clause (a) of sub-section (2) of section 10 of the said Act provides that the registered person shall be eligible to opt under sub-section (1) of the said Act; if, save aS otherwise provided in the said sub-section (1), he is not engaged in the supply of services; AND WHEREAS, rendering of services as part of the savings and investment practice of business, by way of extending deposits, loans O advances, in so far as the consideration is represented by way of interest O discount; is resulting in their ineligibility for the aforesaid scheme, causing hardships to a lot of small businesses and because of that; certain difficulties have arisen