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<h1>Composition levy allows small registered taxpayers to pay a prescribed substitute tax instead of regular tax, with strict restrictions.</h1> The composition levy permits a registered taxable person with limited aggregate turnover, on Council recommendation and subject to prescribed conditions, to obtain permission from the proper officer to pay a prescribed composition amount in lieu of tax, subject to exclusions for inter-State supplies and a PAN-based unanimous opt-in. A composition taxpayer must not collect tax nor claim input tax credit, and if later found ineligible faces tax liability and a penalty equal to the tax after notice and opportunity to be heard.
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