https://www.taxtmi.com/article/detailed?id=7482 Composition scheme under GST allows eligible small retail dealers to pay tax at a prescribed composition rate and file simplified quarterly and annual returns while accepting restricted compliance: they cannot claim input tax credit, cannot issue tax invoices that enable buyer credits, cannot collect tax separately from customers, and the scheme is available only for intra-state supplies subject to an aggregate turnover threshold; it also provides relaxed record-keeping and limited aggregation rules for small cash sales and purchases from unregistered suppliers. en-us Sat, 01 Jul 2017 16:19:12 +0530 Sat, 01 Jul 2017 16:19:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7482 Composition scheme under GST allows eligible small retail dealers to pay tax at a prescribed composition rate and file simplified quarterly and annual returns while accepting restricted compliance: they cannot claim input tax credit, cannot issue tax invoices that enable buyer credits, cannot collect tax separately from customers, and the scheme is available only for intra-state supplies subject to an aggregate turnover threshold; it also provides relaxed record-keeping and limited aggregation rules for small cash sales and purchases from unregistered suppliers. Articles Goods and Services Tax - GST Sat, 01 Jul 2017 16:19:12 +0530 https://www.taxtmi.com/article/detailed?id=7482