https://www.taxtmi.com/acts?id=25391 Composition levy allows a registered person below the prescribed turnover threshold to opt for a prescribed fixed-rate payment in lieu of regular tax, subject to eligibility conditions and exclusions; the option lapses on exceeding the turnover threshold, the optant may not collect tax nor claim input tax credit, and ineligible use of the scheme attracts tax determination and penalty under the assessment provisions. en-us Mon, 12 Jun 2017 10:39:45 +0530 Wed, 28 Jun 2017 13:10:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=25391 Composition levy allows a registered person below the prescribed turnover threshold to opt for a prescribed fixed-rate payment in lieu of regular tax, subject to eligibility conditions and exclusions; the option lapses on exceeding the turnover threshold, the optant may not collect tax nor claim input tax credit, and ineligible use of the scheme attracts tax determination and penalty under the assessment provisions. Act-Rules GST - States Mon, 12 Jun 2017 10:39:45 +0530 https://www.taxtmi.com/acts?id=25391