https://www.taxtmi.com/notifications?id=128917 Notification allows registered persons with aggregate turnover up to fifty lakh rupees in the preceding financial year to opt for a composition scheme under which Union Territory tax is levied at the notified reduced rate on intra State supplies. Eligible persons must meet specified exclusions, may not collect tax from recipients, cannot claim input tax credit, must issue a bill of supply with a prescribed declaration, and must pay tax on inward supplies as applicable. Those who have availed input tax credit and opt into the scheme must remit equivalent credit for inputs and capital goods, after which remaining credit lapses. en-us Thu, 07 Mar 2019 00:00:00 +0530 Tue, 01 Oct 2019 18:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=128917 Notification allows registered persons with aggregate turnover up to fifty lakh rupees in the preceding financial year to opt for a composition scheme under which Union Territory tax is levied at the notified reduced rate on intra State supplies. Eligible persons must meet specified exclusions, may not collect tax from recipients, cannot claim input tax credit, must issue a bill of supply with a prescribed declaration, and must pay tax on inward supplies as applicable. Those who have availed input tax credit and opt into the scheme must remit equivalent credit for inputs and capital goods, after which remaining credit lapses. Notifications GST Thu, 07 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=128917