https://www.taxtmi.com/article/detailed?id=7149 The composition tax option allows a registered taxable person with limited aggregate turnover, computed on an all India PAN basis, to pay a prescribed concessional levy instead of regular tax for supplies of goods; it is unavailable to pure service providers. All registrations under the same PAN must opt together. Composition taxpayers cannot collect the levy from recipients, cannot claim input tax credit, and are subject to exclusion (inter state supplies, supplies via TCS e commerce operators, notified manufacturers, supplies of exempt goods) and to withdrawal or penalties if ineligible. Quarterly and annual returns are prescribed for the scheme. en-us Fri, 23 Dec 2016 11:13:15 +0530 Fri, 23 Dec 2016 11:13:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7149 The composition tax option allows a registered taxable person with limited aggregate turnover, computed on an all India PAN basis, to pay a prescribed concessional levy instead of regular tax for supplies of goods; it is unavailable to pure service providers. All registrations under the same PAN must opt together. Composition taxpayers cannot collect the levy from recipients, cannot claim input tax credit, and are subject to exclusion (inter state supplies, supplies via TCS e commerce operators, notified manufacturers, supplies of exempt goods) and to withdrawal or penalties if ineligible. Quarterly and annual returns are prescribed for the scheme. Articles Goods and Services Tax - GST Fri, 23 Dec 2016 11:13:15 +0530 https://www.taxtmi.com/article/detailed?id=7149