https://www.taxtmi.com/acts?id=29588 Composition levy allows a registered person below the prescribed turnover threshold to pay a prescribed percentage of turnover instead of regular tax, subject to conditions and restrictions; differing rates apply by supplier class. Eligible persons must not make certain services, non leviable supplies, inter State outward supplies, supplies via specified e commerce operators, or be notified manufacturers. The option lapses if turnover exceeds the threshold, bars collection of tax from recipients and input tax credit claims, and wrongful availing attracts tax determination and penalty provisions. en-us Tue, 04 Jul 2017 18:27:20 +0530 Mon, 14 Aug 2017 11:02:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=29588 Composition levy allows a registered person below the prescribed turnover threshold to pay a prescribed percentage of turnover instead of regular tax, subject to conditions and restrictions; differing rates apply by supplier class. Eligible persons must not make certain services, non leviable supplies, inter State outward supplies, supplies via specified e commerce operators, or be notified manufacturers. The option lapses if turnover exceeds the threshold, bars collection of tax from recipients and input tax credit claims, and wrongful availing attracts tax determination and penalty provisions. Act-Rules GST - States Tue, 04 Jul 2017 18:27:20 +0530 https://www.taxtmi.com/acts?id=29588