https://www.taxtmi.com/article/detailed?id=11203 The Composition Scheme under GST allows eligible small taxpayers to pay tax at prescribed fixed rates on turnover with simplified compliance. Eligibility is determined by aggregate turnover on the same PAN and excludes certain manufacturers, inter-state suppliers, casual or non-resident taxpayers, and e-commerce supplied businesses. Opting taxpayers must file designated forms and specific quarterly and annual returns, issue bills of supply instead of tax invoices, and cannot claim input tax credit. Composition dealers must discharge tax on supplies and on transactions subject to reverse charge, with total liability comprising tax on supplies plus reverse-charge and certain B2B and import-related tax components. en-us Tue, 14 Mar 2023 10:24:55 +0530 Tue, 14 Mar 2023 10:24:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11203 The Composition Scheme under GST allows eligible small taxpayers to pay tax at prescribed fixed rates on turnover with simplified compliance. Eligibility is determined by aggregate turnover on the same PAN and excludes certain manufacturers, inter-state suppliers, casual or non-resident taxpayers, and e-commerce supplied businesses. Opting taxpayers must file designated forms and specific quarterly and annual returns, issue bills of supply instead of tax invoices, and cannot claim input tax credit. Composition dealers must discharge tax on supplies and on transactions subject to reverse charge, with total liability comprising tax on supplies plus reverse-charge and certain B2B and import-related tax components. Articles Goods and Services Tax - GST Tue, 14 Mar 2023 10:24:55 +0530 https://www.taxtmi.com/article/detailed?id=11203