https://www.taxtmi.com/article/detailed?id=7371 Composition tax under the CGST Bill, 2017 permits a registered small taxpayer with aggregate turnover within prescribed limits to pay tax at fixed rates instead of regular GST, subject to specified exclusions and conditions. Composition taxpayers cannot collect tax from recipients or claim input tax credit, must comply with procedural filings and stock disclosure requirements, and face withdrawal of permission, penalties, and application of assessment provisions if ineligible or non-compliant. The scheme requires all registered persons under the same PAN to opt in and imposes restrictions on inter-state supplies, certain services, supplies through specified e-commerce operators, and notified goods manufacturers. en-us Fri, 14 Apr 2017 06:54:14 +0530 Fri, 14 Apr 2017 06:54:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7371 Composition tax under the CGST Bill, 2017 permits a registered small taxpayer with aggregate turnover within prescribed limits to pay tax at fixed rates instead of regular GST, subject to specified exclusions and conditions. Composition taxpayers cannot collect tax from recipients or claim input tax credit, must comply with procedural filings and stock disclosure requirements, and face withdrawal of permission, penalties, and application of assessment provisions if ineligible or non-compliant. The scheme requires all registered persons under the same PAN to opt in and imposes restrictions on inter-state supplies, certain services, supplies through specified e-commerce operators, and notified goods manufacturers. Articles Goods and Services Tax - GST Fri, 14 Apr 2017 06:54:14 +0530 https://www.taxtmi.com/article/detailed?id=7371