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of <h1>Section 10 Composition Levy: Eligibility Criteria and Compliance for Taxpayers Opting for Simplified Tax Scheme</h1> A person opting for the composition levy under section 10 must meet specific conditions, including not being a casual or non-resident taxable person. The goods in stock on the appointed day must not be acquired through inter-State trade, imports, or from branches or agents outside the State. Goods from unregistered suppliers require tax payment under section 9(4). The person must not have manufactured certain notified goods in the previous financial year. They must label themselves as a 'composition taxable person' on bills and signage. Continuation of this tax option does not require annual re-intimation, subject to compliance with relevant laws and rules.
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