https://www.taxtmi.com/acts?id=28646 Composition levy allows a registered person below the turnover threshold to pay tax at a prescribed composition rate instead of regular tax, subject to exclusions (no non taxable goods, no inter State outward supplies, no supplies through e commerce operators collecting tax, and specified notified manufacturers) and conditions. The option lapses when turnover exceeds the threshold; composition taxpayers must not collect tax or claim input tax credit. Ineligible availing of the option exposes the person to tax determination and penalty under the Act's assessment provisions. en-us Fri, 30 Jun 2017 13:41:40 +0530 Wed, 19 Jul 2017 10:49:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=28646 Composition levy allows a registered person below the turnover threshold to pay tax at a prescribed composition rate instead of regular tax, subject to exclusions (no non taxable goods, no inter State outward supplies, no supplies through e commerce operators collecting tax, and specified notified manufacturers) and conditions. The option lapses when turnover exceeds the threshold; composition taxpayers must not collect tax or claim input tax credit. Ineligible availing of the option exposes the person to tax determination and penalty under the Act's assessment provisions. Act-Rules GST - States Fri, 30 Jun 2017 13:41:40 +0530 https://www.taxtmi.com/acts?id=28646