Compounding scheme option: dealers may opt to pay tax at compounding rate and remain outside the credit chain. Registration under the GST compounding scheme allows eligible dealers to elect payment at a specified compounding rate and remain outside the input credit chain; the GST Common Portal flags compounding dealers on registration and removes the flag when turnover exceeds the ceiling or upon prescribed amendment, with the dealer retaining the same registration number without fresh registration.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Compounding scheme option: dealers may opt to pay tax at compounding rate and remain outside the credit chain.
Registration under the GST compounding scheme allows eligible dealers to elect payment at a specified compounding rate and remain outside the input credit chain; the GST Common Portal flags compounding dealers on registration and removes the flag when turnover exceeds the ceiling or upon prescribed amendment, with the dealer retaining the same registration number without fresh registration.
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