https://www.taxtmi.com/news?id=20292 Amendments were recommended to broaden composition scheme eligibility and permit composition dealers limited service supplies; raise registration thresholds in certain States; allow multiple registrations within a State for multiple places of business; limit mandatory registration to e commerce operators required to collect tax at source; and suspend registration while cancellation is under process. The reverse charge obligation for supplies from unregistered suppliers is to be limited to specified goods for certain notified classes. The scope of input tax credit is widened to include specified Schedule III activities, certain passenger transport vehicles, vessels and aircraft, cash transportation by banking entities, related insurance and repair services, and employer obligatory supplies, with reversal of credit where recipient fails to pay supplier within a prescribed period. en-us Sat, 21 Jul 2018 20:29:46 +0530 Mon, 23 Jul 2018 09:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20292 Amendments were recommended to broaden composition scheme eligibility and permit composition dealers limited service supplies; raise registration thresholds in certain States; allow multiple registrations within a State for multiple places of business; limit mandatory registration to e commerce operators required to collect tax at source; and suspend registration while cancellation is under process. The reverse charge obligation for supplies from unregistered suppliers is to be limited to specified goods for certain notified classes. The scope of input tax credit is widened to include specified Schedule III activities, certain passenger transport vehicles, vessels and aircraft, cash transportation by banking entities, related insurance and repair services, and employer obligatory supplies, with reversal of credit where recipient fails to pay supplier within a prescribed period. News - Sat, 21 Jul 2018 20:29:46 +0530 https://www.taxtmi.com/news?id=20292