https://www.taxtmi.com/notifications?id=132901 A National Appellate Authority for Advance Ruling is to be constituted with composition and service conditions aligned to the Central Act; its advance rulings are binding on applicants and registered persons sharing the same Permanent Account Number. A new optional composition scheme allows registered persons with preceding-year turnover up to fifty lakh rupees to opt to pay tax at a prescribed rate not exceeding three per cent, subject to exclusions. Aadhaar-based authentication for registration, mandated electronic payment modes for prescribed classes, revised return filing rules, electronic cash ledger transfer and related central account transfers, and a ten per cent profiteering penalty are also provided. en-us Wed, 01 Apr 2020 00:00:00 +0530 Wed, 11 Feb 2026 15:58:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=132901 A National Appellate Authority for Advance Ruling is to be constituted with composition and service conditions aligned to the Central Act; its advance rulings are binding on applicants and registered persons sharing the same Permanent Account Number. A new optional composition scheme allows registered persons with preceding-year turnover up to fifty lakh rupees to opt to pay tax at a prescribed rate not exceeding three per cent, subject to exclusions. Aadhaar-based authentication for registration, mandated electronic payment modes for prescribed classes, revised return filing rules, electronic cash ledger transfer and related central account transfers, and a ten per cent profiteering penalty are also provided. Notifications GST - States Wed, 01 Apr 2020 00:00:00 +0530 https://www.taxtmi.com/notifications?id=132901