https://www.taxtmi.com/news?id=18754 Registration under GST depends on supply type and place: inter State suppliers must register irrespective of turnover; nil rated or fully exempt suppliers need not register but must file returns if registered. Composition scheme has class and service exclusions, can be opted for at the financial year start and exited with transitional Input Tax Credit on stock; crossing turnover thresholds disqualifies continuation. Transitional migration rules permit specified deemed credits and conversion of CENVAT balances to CGST credit; composition migrants forfeit ITC. Reverse Charge Mechanism and invoice, documentation and credit set off rules are prescribed. en-us Tue, 05 Sep 2017 17:21:35 +0530 Tue, 05 Sep 2017 17:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18754 Registration under GST depends on supply type and place: inter State suppliers must register irrespective of turnover; nil rated or fully exempt suppliers need not register but must file returns if registered. Composition scheme has class and service exclusions, can be opted for at the financial year start and exited with transitional Input Tax Credit on stock; crossing turnover thresholds disqualifies continuation. Transitional migration rules permit specified deemed credits and conversion of CENVAT balances to CGST credit; composition migrants forfeit ITC. Reverse Charge Mechanism and invoice, documentation and credit set off rules are prescribed. News - Tue, 05 Sep 2017 17:21:35 +0530 https://www.taxtmi.com/news?id=18754