<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Prescribing Composition Scheme with 3% Rate of Tax for Persons Having Annual Turnovers up to 50 Lakhs in the Preceding Year and Supplies include Services</title>
    <link>https://www.taxtmi.com/notifications?id=129131</link>
    <description>Allows registered small suppliers within the prescribed turnover threshold to pay State tax at a fixed composition rate on intra State supplies of goods or services, subject to eligibility conditions (including no inter State supplies, no e commerce TCS supplies, and exclusion of specified goods), aggregation by PAN, prohibition on collecting tax or claiming input tax credit, issuance of a bill of supply with a composition declaration, and liability for reverse charge on inward supplies; turnover computation excludes interest or discount on certain exempt financial services.</description>
    <language>en-us</language>
    <pubDate>Thu, 07 Mar 2019 00:00:00 +0530</pubDate>
    <lastBuildDate>Mon, 25 Mar 2019 17:07:00 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=564092" rel="self" type="application/rss+xml"/>
    <item>
      <title>Prescribing Composition Scheme with 3% Rate of Tax for Persons Having Annual Turnovers up to 50 Lakhs in the Preceding Year and Supplies include Services</title>
      <link>https://www.taxtmi.com/notifications?id=129131</link>
      <description>Allows registered small suppliers within the prescribed turnover threshold to pay State tax at a fixed composition rate on intra State supplies of goods or services, subject to eligibility conditions (including no inter State supplies, no e commerce TCS supplies, and exclusion of specified goods), aggregation by PAN, prohibition on collecting tax or claiming input tax credit, issuance of a bill of supply with a composition declaration, and liability for reverse charge on inward supplies; turnover computation excludes interest or discount on certain exempt financial services.</description>
      <category>Notifications</category>
      <law>GST - States</law>
      <pubDate>Thu, 07 Mar 2019 00:00:00 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/notifications?id=129131</guid>
    </item>
  </channel>
</rss>