https://www.taxtmi.com/acts?id=25863 Composition levy allows a registered person below the turnover threshold to opt to pay a prescribed fixed amount instead of regular tax at capped rates, subject to prescribed conditions and a possible government-notified higher threshold. Eligibility excludes inter-State supplies, supplies through certain e-commerce operators, supplies of non-taxable goods, most services, and notified manufacturers; joint PAN registrations must all opt. The option lapses on exceeding turnover limits; composition taxpayers cannot collect tax or claim input tax credit. Improper use attracts tax determination and penalties under the Act. en-us Sat, 17 Jun 2017 11:54:34 +0530 Thu, 29 Jun 2017 14:42:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=25863 Composition levy allows a registered person below the turnover threshold to opt to pay a prescribed fixed amount instead of regular tax at capped rates, subject to prescribed conditions and a possible government-notified higher threshold. Eligibility excludes inter-State supplies, supplies through certain e-commerce operators, supplies of non-taxable goods, most services, and notified manufacturers; joint PAN registrations must all opt. The option lapses on exceeding turnover limits; composition taxpayers cannot collect tax or claim input tax credit. Improper use attracts tax determination and penalties under the Act. Act-Rules GST - States Sat, 17 Jun 2017 11:54:34 +0530 https://www.taxtmi.com/acts?id=25863