https://www.taxtmi.com/article/detailed?id=7147 The Model GST Law's composition scheme provides an alternate simplified levy for small taxpayers subject to aggregate turnover limits, mandatory registration and all India PAN application; excluded are suppliers of services, inter state outward supplies, supplies via specified e commerce operators and notified manufacturers. Opting persons cannot collect tax from recipients or claim input tax credit. On becoming ineligible, a taxable person may claim credit for inputs, inputs in semi finished and finished goods and capital goods held immediately before ineligibility, subject to prescribed adjustments. en-us Fri, 23 Dec 2016 11:13:11 +0530 Fri, 23 Dec 2016 11:13:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7147 The Model GST Law's composition scheme provides an alternate simplified levy for small taxpayers subject to aggregate turnover limits, mandatory registration and all India PAN application; excluded are suppliers of services, inter state outward supplies, supplies via specified e commerce operators and notified manufacturers. Opting persons cannot collect tax from recipients or claim input tax credit. On becoming ineligible, a taxable person may claim credit for inputs, inputs in semi finished and finished goods and capital goods held immediately before ineligibility, subject to prescribed adjustments. Articles Goods and Services Tax - GST Fri, 23 Dec 2016 11:13:11 +0530 https://www.taxtmi.com/article/detailed?id=7147