State tax composition for first supplies by small registered persons restricts collection and input tax credit. State tax is levied at a reduced composition rate on first supplies of goods or services made by registered persons meeting specified eligibility criteria, including turnover limits and exclusions for exempt, inter State, casual, non resident, e commerce mediated or annexure listed supplies. Eligible persons opting in cannot collect tax from recipients or claim input tax credit and must issue a bill of supply with a prescribed declaration. The reduced levy applies to all outward supplies covered by the notification, inward self assessed tax remains at applicable rates, tariff exclusions use Customs Tariff First Schedule interpretation, and the notification is effective from the first day of April, 2019.
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Provisions expressly mentioned in the judgment/order text.
State tax composition for first supplies by small registered persons restricts collection and input tax credit.
State tax is levied at a reduced composition rate on first supplies of goods or services made by registered persons meeting specified eligibility criteria, including turnover limits and exclusions for exempt, inter State, casual, non resident, e commerce mediated or annexure listed supplies. Eligible persons opting in cannot collect tax from recipients or claim input tax credit and must issue a bill of supply with a prescribed declaration. The reduced levy applies to all outward supplies covered by the notification, inward self assessed tax remains at applicable rates, tariff exclusions use Customs Tariff First Schedule interpretation, and the notification is effective from the first day of April, 2019.
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