https://www.taxtmi.com/article/detailed?id=10578 Composition levy permits a registered person with aggregate turnover below the notified threshold to opt to pay tax at prescribed rates in lieu of normal tax; the option is subject to prescribed conditions, exclusions for non leviable supplies, inter State supplies, supplies through e-commerce operators, specified notified goods or services, and casual or non resident persons, lapses when aggregate turnover exceeds the limit, bars collection of tax and input tax credit, and exposes ineligible claimants to normal tax determination and penalties with aggregation rules and certain exclusions for interest represented consideration. en-us Thu, 04 Aug 2022 11:12:55 +0530 Thu, 04 Aug 2022 11:12:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10578 Composition levy permits a registered person with aggregate turnover below the notified threshold to opt to pay tax at prescribed rates in lieu of normal tax; the option is subject to prescribed conditions, exclusions for non leviable supplies, inter State supplies, supplies through e-commerce operators, specified notified goods or services, and casual or non resident persons, lapses when aggregate turnover exceeds the limit, bars collection of tax and input tax credit, and exposes ineligible claimants to normal tax determination and penalties with aggregation rules and certain exclusions for interest represented consideration. Articles Goods and Services Tax - GST Thu, 04 Aug 2022 11:12:55 +0530 https://www.taxtmi.com/article/detailed?id=10578