https://www.taxtmi.com/manuals?id=1776 Composition levy is an optional simplified turnover-tax regime for eligible small taxpayers permitting payment of tax at prescribed rates on quarterly basis and filing of GSTR-4. Eligibility depends on aggregate turnover thresholds (with lower limits for special category States) and excludes specified suppliers and notified goods; composition taxpayers cannot claim input tax credit and buyers cannot claim credit on purchases from composition dealers. Opting in, withdrawal, and denial follow prescribed electronic intimations and forms, with required reversal/payment of attributable input tax credit on stocks and capital goods and administrative show-cause and order mechanisms. en-us Mon, 07 Jan 2019 16:53:00 +0530 Mon, 07 Jan 2019 17:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1776 Composition levy is an optional simplified turnover-tax regime for eligible small taxpayers permitting payment of tax at prescribed rates on quarterly basis and filing of GSTR-4. Eligibility depends on aggregate turnover thresholds (with lower limits for special category States) and excludes specified suppliers and notified goods; composition taxpayers cannot claim input tax credit and buyers cannot claim credit on purchases from composition dealers. Opting in, withdrawal, and denial follow prescribed electronic intimations and forms, with required reversal/payment of attributable input tax credit on stocks and capital goods and administrative show-cause and order mechanisms. Manuals GST Mon, 07 Jan 2019 16:53:00 +0530 https://www.taxtmi.com/manuals?id=1776