https://www.taxtmi.com/acts?id=25768 The Act allows an eligible registered person with turnover below the prescribed threshold to opt for a composition levy at prescribed rates instead of regular tax, subject to exclusions (services other than specified supplies, non-leviable supplies, inter-State outward supplies, supplies via notified e-commerce operators, and notified manufacturers). The option lapses when turnover exceeds the threshold; composition taxpayers must not collect tax or claim input tax credit. Wrongful availing attracts tax determination and penalty under the Act. en-us Sat, 17 Jun 2017 11:10:06 +0530 Fri, 28 Jul 2017 14:08:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=25768 The Act allows an eligible registered person with turnover below the prescribed threshold to opt for a composition levy at prescribed rates instead of regular tax, subject to exclusions (services other than specified supplies, non-leviable supplies, inter-State outward supplies, supplies via notified e-commerce operators, and notified manufacturers). The option lapses when turnover exceeds the threshold; composition taxpayers must not collect tax or claim input tax credit. Wrongful availing attracts tax determination and penalty under the Act. Act-Rules GST - States Sat, 17 Jun 2017 11:10:06 +0530 https://www.taxtmi.com/acts?id=25768