https://www.taxtmi.com/notifications?id=118916 Registered dealers exclusively selling ready-to-eat foods and non-alcoholic beverages with preceding and expected turnover not exceeding fifty lakh rupees may opt for a 5% composition tax subject to conditions: no inter-state dealings, restricted purchases, prohibition on claiming input tax credit, inability to issue tax invoices or collect tax, and retention of purchase and retail invoice records. Opt-in requires Form RH01; opening stock must be declared and taxed via Form RH02. Exceeding the turnover threshold or defaulting on returns triggers liability under the general tax regime and conditions for claiming opening stock credit. en-us Fri, 18 Mar 2016 00:00:00 +0530 Tue, 05 Apr 2016 17:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=118916 Registered dealers exclusively selling ready-to-eat foods and non-alcoholic beverages with preceding and expected turnover not exceeding fifty lakh rupees may opt for a 5% composition tax subject to conditions: no inter-state dealings, restricted purchases, prohibition on claiming input tax credit, inability to issue tax invoices or collect tax, and retention of purchase and retail invoice records. Opt-in requires Form RH01; opening stock must be declared and taxed via Form RH02. Exceeding the turnover threshold or defaulting on returns triggers liability under the general tax regime and conditions for claiming opening stock credit. Notifications VAT - Delhi Fri, 18 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=118916