https://www.taxtmi.com/acts?id=28179 The composition levy permits eligible registered persons below the prescribed aggregate turnover threshold to pay tax at prescribed concessional rates in lieu of normal tax, subject to specified eligibility restrictions and possible government increase of the threshold; the option lapses once turnover exceeds the threshold, bars collection of tax from recipients, denies input tax credit, and attracts tax and penalty consequences with assessment procedures applied mutatis mutandis for wrongful claims. en-us Wed, 28 Jun 2017 11:23:24 +0530 Tue, 04 Jul 2017 11:04:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=28179 The composition levy permits eligible registered persons below the prescribed aggregate turnover threshold to pay tax at prescribed concessional rates in lieu of normal tax, subject to specified eligibility restrictions and possible government increase of the threshold; the option lapses once turnover exceeds the threshold, bars collection of tax from recipients, denies input tax credit, and attracts tax and penalty consequences with assessment procedures applied mutatis mutandis for wrongful claims. Act-Rules GST - States Wed, 28 Jun 2017 11:23:24 +0530 https://www.taxtmi.com/acts?id=28179