https://www.taxtmi.com/acts?id=27337 Composition levy allows a registered person below the turnover threshold to opt to pay a prescribed flat amount instead of regular tax, subject to prescribed rates and conditions; the option lapses if turnover exceeds the threshold. Eligible optants cannot collect tax from recipients or claim input tax credit. Ineligible persons who nonetheless paid under the scheme are subject to tax and penalty assessment under the Act. en-us Fri, 23 Jun 2017 17:00:14 +0530 Tue, 27 Jun 2017 13:06:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=27337 Composition levy allows a registered person below the turnover threshold to opt to pay a prescribed flat amount instead of regular tax, subject to prescribed rates and conditions; the option lapses if turnover exceeds the threshold. Eligible optants cannot collect tax from recipients or claim input tax credit. Ineligible persons who nonetheless paid under the scheme are subject to tax and penalty assessment under the Act. Act-Rules GST - States Fri, 23 Jun 2017 17:00:14 +0530 https://www.taxtmi.com/acts?id=27337