https://www.taxtmi.com/circulars?id=56011 The memorandum explains the composition levy under section 10 and related rules: eligible small taxpayers (turnover below the statutory threshold) may elect composition and pay prescribed percentage rates on in state turnover (manufacturers 2%, restaurants 5%, other suppliers 1%), cannot collect tax from recipients, and are ineligible for input tax credit. It sets out filing and payment obligations (quarterly FORM GSTR-4 and annual FORM GSTR-9A; payment by 18th after quarter), procedures for opting/withdrawal (forms CMP-01/CMP-02/CMP-04), transitional ITC adjustments (ITC-01/ITC-03), and migration steps for previously registered dealers to obtain GST registration via REG-26/REG-06. en-us Fri, 14 Jul 2017 00:00:00 +0530 Wed, 11 Feb 2026 15:57:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=56011 The memorandum explains the composition levy under section 10 and related rules: eligible small taxpayers (turnover below the statutory threshold) may elect composition and pay prescribed percentage rates on in state turnover (manufacturers 2%, restaurants 5%, other suppliers 1%), cannot collect tax from recipients, and are ineligible for input tax credit. It sets out filing and payment obligations (quarterly FORM GSTR-4 and annual FORM GSTR-9A; payment by 18th after quarter), procedures for opting/withdrawal (forms CMP-01/CMP-02/CMP-04), transitional ITC adjustments (ITC-01/ITC-03), and migration steps for previously registered dealers to obtain GST registration via REG-26/REG-06. Circulars GST - States Fri, 14 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=56011