Composition scheme eligibility allows small registered persons to opt to pay prescribed tax instead of regular GST. The notification supersedes a prior departmental notification and specifies that an eligible registered person with aggregate turnover in the preceding financial year not exceeding one crore and fifty lakh rupees may opt to pay, in lieu of tax under the regular provisions, an amount prescribed under rule 7 of the Madhya Pradesh GST Rules, 2017; it also states the effective commencement date and preserves prior acts or omissions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Composition scheme eligibility allows small registered persons to opt to pay prescribed tax instead of regular GST.
The notification supersedes a prior departmental notification and specifies that an eligible registered person with aggregate turnover in the preceding financial year not exceeding one crore and fifty lakh rupees may opt to pay, in lieu of tax under the regular provisions, an amount prescribed under rule 7 of the Madhya Pradesh GST Rules, 2017; it also states the effective commencement date and preserves prior acts or omissions.
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