Section 10- This Section provides for a registered person to opt for payment of taxes under a scheme of composition, the conditions attached thereto and the persons who are entitled, but not mandated, to make payment of tax under this Scheme.
The major benefits enjoyed by taxpayers opting this scheme are,
- Non maintenance of elaborate books of accounts
- Quarterly returns
- Quarterly payment of tax.
Amendment of Section 10 of the CGST Act, 2017Clause 128 of the Finance Bill 2023 proposes to amend Sections 10(2)(d) and 10(2A)(c) of the CGST Act, 2017 to remove the restriction on registered persons supplying goods through electronic commerce operators (ECOs) from opting to pay tax under the composition levy.