https://www.taxtmi.com/article/detailed?id=5813 The one percent composition scheme for developers provides a lump sum tax on agreement or stamp duty value but leaves point of taxation undefined and applies a broad definition of developer. It bars interstate purchases without payment of non adjustable additional purchase tax, denies input tax credit and refunds, prohibits collection of tax from buyers, lacks an exit option and may trigger interest obligations even where opted into for an earlier period. en-us Thu, 04 Sep 2014 08:28:56 +0530 Thu, 04 Sep 2014 08:28:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5813 The one percent composition scheme for developers provides a lump sum tax on agreement or stamp duty value but leaves point of taxation undefined and applies a broad definition of developer. It bars interstate purchases without payment of non adjustable additional purchase tax, denies input tax credit and refunds, prohibits collection of tax from buyers, lacks an exit option and may trigger interest obligations even where opted into for an earlier period. Articles Value Added Tax - VAT and CST Thu, 04 Sep 2014 08:28:56 +0530 https://www.taxtmi.com/article/detailed?id=5813