https://www.taxtmi.com/acts?id=22182 Small taxpayers below the prescribed aggregate turnover threshold may opt for composition levy and pay tax as a percentage of turnover without entitlement to input tax credit. A minimum floor rate for central and state components is prescribed. Composition taxpayers must not collect tax from customers. Taxpayers making inter state supplies or subject to reverse charge are ineligible for the composition scheme. en-us Thu, 22 Sep 2016 15:06:22 +0530 Thu, 22 Sep 2016 15:06:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=22182 Small taxpayers below the prescribed aggregate turnover threshold may opt for composition levy and pay tax as a percentage of turnover without entitlement to input tax credit. A minimum floor rate for central and state components is prescribed. Composition taxpayers must not collect tax from customers. Taxpayers making inter state supplies or subject to reverse charge are ineligible for the composition scheme. Act-Rules Bill Thu, 22 Sep 2016 15:06:22 +0530 https://www.taxtmi.com/acts?id=22182