https://www.taxtmi.com/acts?id=29085 A registered person with aggregate turnover below the prescribed threshold may opt to pay a prescribed composition amount instead of regular tax at specified maximum rates; the Government may increase the turnover limit by notification. Eligibility excludes certain services, non leviable supplies, inter State outward supplies, supplies through notified e commerce collection, and notified manufacturers. The option lapses if turnover exceeds the threshold. A composition taxpayer must not collect tax from recipients and cannot claim input tax credit. Incorrect use of the scheme triggers tax determination and penalty provisions. en-us Mon, 03 Jul 2017 10:41:21 +0530 Thu, 20 Jul 2017 13:22:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=29085 A registered person with aggregate turnover below the prescribed threshold may opt to pay a prescribed composition amount instead of regular tax at specified maximum rates; the Government may increase the turnover limit by notification. Eligibility excludes certain services, non leviable supplies, inter State outward supplies, supplies through notified e commerce collection, and notified manufacturers. The option lapses if turnover exceeds the threshold. A composition taxpayer must not collect tax from recipients and cannot claim input tax credit. Incorrect use of the scheme triggers tax determination and penalty provisions. Act-Rules GST - States Mon, 03 Jul 2017 10:41:21 +0530 https://www.taxtmi.com/acts?id=29085