Composition scheme option for small registered persons subject to eligibility exclusions and clarified turnover and filing rules. The Act creates an optional composition scheme for small registered persons allowing payment of tax at a prescribed capped rate subject to exclusions (inter State supplies, supplies via e commerce operators required to collect tax, notified manufacturers/suppliers, casual and non resident persons, and shared PAN registrations), clarifies aggregate turnover and turnover in State for eligibility and tax computation excluding certain exempt interest/discount services, mandates Aadhaar authentication or alternate identification for registration (with exceptions), requires prescribed digital payment modes for certain suppliers, revises return filing/payment timelines and electronic ledger transfer rules, aligns state advance ruling appeals with the National Appellate Authority, and adds an anti profiteering penalty provision and retrospective schedule amendment for uranium ore concentrate.
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 option for small registered persons subject to eligibility exclusions and clarified turnover and filing rules.
The Act creates an optional composition scheme for small registered persons allowing payment of tax at a prescribed capped rate subject to exclusions (inter State supplies, supplies via e commerce operators required to collect tax, notified manufacturers/suppliers, casual and non resident persons, and shared PAN registrations), clarifies aggregate turnover and turnover in State for eligibility and tax computation excluding certain exempt interest/discount services, mandates Aadhaar authentication or alternate identification for registration (with exceptions), requires prescribed digital payment modes for certain suppliers, revises return filing/payment timelines and electronic ledger transfer rules, aligns state advance ruling appeals with the National Appellate Authority, and adds an anti profiteering penalty provision and retrospective schedule amendment for uranium ore concentrate.
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