https://www.taxtmi.com/acts?id=29035 A registered person below the statutory turnover limit may opt for a composition levy, paying a prescribed alternative amount instead of normal tax, subject to category-based rate caps and prescribed conditions. Ineligible persons include those making certain services, non-leviable supplies, inter-State outward supplies, supplies via e-commerce operators required to collect tax at source, notified manufacturers, and registrants sharing a PAN unless all opt. The option lapses on exceeding the turnover threshold. Composition taxpayers may not collect tax nor claim input tax credit; wrongful reliance attracts tax and penalty with assessment under the Ordinance. en-us Sat, 01 Jul 2017 17:51:59 +0530 Tue, 08 Aug 2017 11:19:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=29035 A registered person below the statutory turnover limit may opt for a composition levy, paying a prescribed alternative amount instead of normal tax, subject to category-based rate caps and prescribed conditions. Ineligible persons include those making certain services, non-leviable supplies, inter-State outward supplies, supplies via e-commerce operators required to collect tax at source, notified manufacturers, and registrants sharing a PAN unless all opt. The option lapses on exceeding the turnover threshold. Composition taxpayers may not collect tax nor claim input tax credit; wrongful reliance attracts tax and penalty with assessment under the Ordinance. Act-Rules GST - States Sat, 01 Jul 2017 17:51:59 +0530 https://www.taxtmi.com/acts?id=29035