The person exercising the option to pay tax under the composition scheme

The option exercised by a registered person to pay

Yes, a trader having duty paying documents including a first-stage

A manufacturer may have cleared some goods

Yes. If duty-paid invoices are available with them, then full credit of ITC

No. The compliance process will be automated and easy for traders.

The objective of taxing the stock transfers is just to ensure that the ITC moves

In case the recipient is eligible for full input tax credit

Taxpayers whose turnover is below Rs. 1.5 crores are not required

Under GST, the government will allow qualified

The composition levy is an alternative method of levy of tax

No