Clause 92 - Amendment of section 10.

Composition scheme option for small service and mixed suppliers permits prescribed single-state tax payment instead of regular tax.

Amendment adds an alternative composition scheme permitting eligible registered suppliers of services and mixed suppliers with specified aggregate turnover to opt to pay tax at a prescribed rate not exceeding three per cent of turnover in a State or Union territory, with exclusions for casual and non-resident taxable persons, inter-State supplies, supplies through e-commerce operators required to collect tax, and notified manufacturers or suppliers; it also excludes interest or discount on exempt financial services and supplies made before registration from aggregate turnover and turnover for tax computation.