https://www.taxtmi.com/manuals?id=1724 The Composition Scheme under section 10 allows eligible small taxpayers to pay a fixed percentage of gross turnover as tax, with specified category rates and territorial threshold limits. Service suppliers are generally excluded except food suppliers; notified manufacturers of certain goods (e.g., edible ice cream, pan masala, tobacco) cannot opt in. Restrictions include prohibition on inter-state supplies, supplies through e-commerce operators required to collect tax, and supplies of exempt goods. The option is voluntary but lapses on exceeding the turnover threshold; taxpayers must pay reverse charge on procurement from unregistered persons and issue a Bill of Supply. en-us Thu, 10 Aug 2017 13:23:00 +0530 Sat, 20 May 2023 12:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1724 The Composition Scheme under section 10 allows eligible small taxpayers to pay a fixed percentage of gross turnover as tax, with specified category rates and territorial threshold limits. Service suppliers are generally excluded except food suppliers; notified manufacturers of certain goods (e.g., edible ice cream, pan masala, tobacco) cannot opt in. Restrictions include prohibition on inter-state supplies, supplies through e-commerce operators required to collect tax, and supplies of exempt goods. The option is voluntary but lapses on exceeding the turnover threshold; taxpayers must pay reverse charge on procurement from unregistered persons and issue a Bill of Supply. Manuals GST Thu, 10 Aug 2017 13:23:00 +0530 https://www.taxtmi.com/manuals?id=1724