https://www.taxtmi.com/manuals?id=1753 Small mining leaseholders below the prescribed turnover threshold may opt for the composition scheme with simplified quarterly returns and specified reduced rates, but composition registrants cannot undertake inter State supplies, cannot issue tax invoices, and their purchasers cannot claim ITC on such supplies. ITC is available for capital goods and services used in business subject to statutory restrictions; GST on royalty is payable under the reverse charge mechanism and eligible as ITC. Time of supply applies to advances, receipt vouchers are required, and refund and transition rules limit carry forward of certain pre GST cesses and credits. en-us Sat, 05 Jan 2019 17:02:00 +0530 Sat, 05 Jan 2019 17:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1753 Small mining leaseholders below the prescribed turnover threshold may opt for the composition scheme with simplified quarterly returns and specified reduced rates, but composition registrants cannot undertake inter State supplies, cannot issue tax invoices, and their purchasers cannot claim ITC on such supplies. ITC is available for capital goods and services used in business subject to statutory restrictions; GST on royalty is payable under the reverse charge mechanism and eligible as ITC. Time of supply applies to advances, receipt vouchers are required, and refund and transition rules limit carry forward of certain pre GST cesses and credits. Manuals GST Sat, 05 Jan 2019 17:02:00 +0530 https://www.taxtmi.com/manuals?id=1753