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    <title>Validity of composition levy</title>
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    <description>Validity of the composition scheme depends on continuous satisfaction of eligibility conditions; upon ceasing to satisfy conditions the taxpayer is liable to pay regular tax, must issue tax invoices thereafter, and must file a withdrawal intimation within seven days. An intending withdrawer must file the electronic withdrawal application before withdrawal. The proper officer may issue a show cause notice and, after receiving a reply, must pass an order either accepting or denying the composition option. A stock statement of inputs and goods must be furnished electronically on withdrawal or denial, and action for one place of business on a PAN is deemed to apply to all places on that PAN.</description>
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    <pubDate>Fri, 06 Oct 2023 17:58:00 +0530</pubDate>
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      <title>Validity of composition levy</title>
      <link>https://www.taxtmi.com/manuals?id=3176</link>
      <description>Validity of the composition scheme depends on continuous satisfaction of eligibility conditions; upon ceasing to satisfy conditions the taxpayer is liable to pay regular tax, must issue tax invoices thereafter, and must file a withdrawal intimation within seven days. An intending withdrawer must file the electronic withdrawal application before withdrawal. The proper officer may issue a show cause notice and, after receiving a reply, must pass an order either accepting or denying the composition option. A stock statement of inputs and goods must be furnished electronically on withdrawal or denial, and action for one place of business on a PAN is deemed to apply to all places on that PAN.</description>
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      <pubDate>Fri, 06 Oct 2023 17:58:00 +0530</pubDate>
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