Mandatory tell on the Bill that they are in the Composition Category, By the Registered person under composition scheme - GST NEWS
Those traders who have opted for c under GST can not levy tax on customers. Despite this, many business customers are taking GST. But it is not deposited in government treasury. It is necessary to take strict steps to stop such cases.
An official of the Ministry said that for composite schemes registered dealers and service providers, it would be necessary to tell on the bill that they are in the composition category. They will not be able to take tax from the buyer. The Ministry of Finance will also run a campaign to educate customers about this. They will be told that the traders who take advantage of composition scheme do not have the right to recover GST. Under the composition scheme, the traders and the units have to pay one-time GST 1%, while the GST rates are 5%,12% or 18% on the product.
1. 1.17 crore business people across the country are registered under GST
2. 20 lakh business people are taking advantage of the composition scheme.
3. Benefits(composite schemes) of a turnover business of Rs 1.5 crore will be taken from April.
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