The GST Appellate Tribunal held that crossing the prescribed ₹1.50 crore aggregate-turnover threshold automatically lapses the composition scheme under Section 10(3), making the taxpayer liable to regular-rate tax from the date of such lapse. The Tribunal nevertheless modified the demand by directing recomputation of differential tax on a cum-tax basis under Rule 35, with consequential interest and penalty to be recalculated accordingly.
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