Relevant circulars, notifications, clarifications issued by Government :
1. Notification No. 1/2018-Central Tax dated 23.01.2018 issued for revision of Rules and for reduction of rate of composition tax;
2. Notification No. 46/2017- Central Tax dated 13.10.2017issued to increase the threshold limit on aggregate turnover to opt for composition scheme (1 crore / 75 Lakhs);
3. Order No. 11/2017-GST dated 21.12.2017 issued to extend the time limit to furnish intimation for opting into the Composition Scheme;
4. Order No. 01/2017-Central Tax being the CGST (Removal of Difficulties) Order, 2017 dated 13.10.2017 issued to clarify that outward supply of services for which the consideration is in the form of interest, shall not be taken into account for composition taxpayers;
5. Chapter eleven of the compilation of the GST Flyers as issued by the CBIC can be referred to for a gist of the statutory provisions, titled ‘Composition Levy Scheme in GST’.