TMI BlogWhat would be input tax eligibility in cases where taxable person paying tax under section 7 opts to pay tax under Compounding Scheme under Section 8?X X X X Extracts X X X X X X X X Extracts X X X X ..... ST dated 21.9.2016 based on Draft Model GST - Act-Rules - Q 12. What would be input tax eligibility in cases where taxable person paying tax under section 7 opts to pay tax under Compounding Scheme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ch over. It has also been provided that after payment of the amount on such goods, the balance, if any available in electronic credit ledger would lapse. The amount, required to be paid, is to be calc ..... X X X X Extracts X X X X X X X X Extracts X X X X
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