https://www.taxtmi.com/article/detailed?id=6968 The proposed composition scheme permits a registered taxable person, subject to Council recommendation and prescribed conditions, to pay a prescribed composition amount in lieu of tax where aggregate turnover does not exceed the prescribed threshold; the scheme excludes inter state suppliers, requires all persons with the same PAN to opt in, prohibits collection of tax from recipients, disallows input tax credit, and exposes ineligible users to tax liability plus a penalty equal to the tax after notice and hearing. en-us Tue, 06 Sep 2016 11:28:35 +0530 Tue, 06 Sep 2016 11:28:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6968 The proposed composition scheme permits a registered taxable person, subject to Council recommendation and prescribed conditions, to pay a prescribed composition amount in lieu of tax where aggregate turnover does not exceed the prescribed threshold; the scheme excludes inter state suppliers, requires all persons with the same PAN to opt in, prohibits collection of tax from recipients, disallows input tax credit, and exposes ineligible users to tax liability plus a penalty equal to the tax after notice and hearing. Articles Goods and Services Tax - GST Tue, 06 Sep 2016 11:28:35 +0530 https://www.taxtmi.com/article/detailed?id=6968