Composition scheme eligibility for mining leaseholders restricts inter state supply and limits input tax credit entitlement. Small mining leaseholders below the prescribed turnover threshold may opt for the composition scheme with simplified quarterly returns and specified reduced rates, but composition registrants cannot undertake inter State supplies, cannot issue tax invoices, and their purchasers cannot claim ITC on such supplies. ITC is available for capital goods and services used in business subject to statutory restrictions; GST on royalty is payable under the reverse charge mechanism and eligible as ITC. Time of supply applies to advances, receipt vouchers are required, and refund and transition rules limit carry forward of certain pre GST cesses and credits.
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Provisions expressly mentioned in the judgment/order text.
Composition scheme eligibility for mining leaseholders restricts inter state supply and limits input tax credit entitlement.
Small mining leaseholders below the prescribed turnover threshold may opt for the composition scheme with simplified quarterly returns and specified reduced rates, but composition registrants cannot undertake inter State supplies, cannot issue tax invoices, and their purchasers cannot claim ITC on such supplies. ITC is available for capital goods and services used in business subject to statutory restrictions; GST on royalty is payable under the reverse charge mechanism and eligible as ITC. Time of supply applies to advances, receipt vouchers are required, and refund and transition rules limit carry forward of certain pre GST cesses and credits.
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