https://www.taxtmi.com/manuals?id=1746 Traders are entitled to input tax credit on domestic procurements and IGST on imports; non registrants include those dealing only in exempt supplies or below the turnover threshold. The optional composition scheme offers simplified percentage tax and reduced compliance but excludes input tax credit and inter State supplies, imposes display and invoicing obligations, quarterly returns and reverse charge duties on purchases from unregistered suppliers. Transitional provisions permit carrying forward credit where duty paid invoices exist or limited deemed credit via prescribed forms; Credit Transfer Documents and taxable stock transfers ensure credit follows goods to the State of consumption. en-us Sat, 05 Jan 2019 14:55:00 +0530 Sat, 05 Jan 2019 14:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1746 Traders are entitled to input tax credit on domestic procurements and IGST on imports; non registrants include those dealing only in exempt supplies or below the turnover threshold. The optional composition scheme offers simplified percentage tax and reduced compliance but excludes input tax credit and inter State supplies, imposes display and invoicing obligations, quarterly returns and reverse charge duties on purchases from unregistered suppliers. Transitional provisions permit carrying forward credit where duty paid invoices exist or limited deemed credit via prescribed forms; Credit Transfer Documents and taxable stock transfers ensure credit follows goods to the State of consumption. Manuals GST Sat, 05 Jan 2019 14:55:00 +0530 https://www.taxtmi.com/manuals?id=1746