https://www.taxtmi.com/caselaws?id=797568 Exceeding the prescribed aggregate-turnover threshold causes the GST composition option to lapse from the date of excess turnover, requiring tax payment under the regular scheme on subsequent supplies. Where the taxpayer did not separately collect GST after lapse, declared invoice values constitute tax-inclusive consideration. Rule 35 requires the tax component to be extracted from those values using cum-tax valuation, even if that benefit was not previously claimed. Consequently, regular-scheme liability continues from the lapse date, but differential tax, interest and penalty must be recomputed on the reduced cum-tax base. en-us Thu, 20 Aug 2026 00:00:00 +0530 Tue, 25 Aug 2026 11:04:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797568 Exceeding the prescribed aggregate-turnover threshold causes the GST composition option to lapse from the date of excess turnover, requiring tax payment under the regular scheme on subsequent supplies. Where the taxpayer did not separately collect GST after lapse, declared invoice values constitute tax-inclusive consideration. Rule 35 requires the tax component to be extracted from those values using cum-tax valuation, even if that benefit was not previously claimed. Consequently, regular-scheme liability continues from the lapse date, but differential tax, interest and penalty must be recomputed on the reduced cum-tax base. Case-Laws GST Thu, 20 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797568