FinMin considers steps to prevent composition dealers from charging GST from buyers1 min read . Updated: 13 Jan 2019, 03:29 PM IST
Under the GST composition scheme, traders and manufacturers are required to pay only 1% GST on goods which otherwise attract a higher levy of either 5, 12 or 18%
New Delhi: In a consumer-friendly measure, the revenue department is planning to make it mandatory for composition dealers and service providers to declare their GST registration status in invoices to ensure that they do not charge any tax from buyers. The measure, once implemented, would check the widespread practice of composition dealers of charging GST from purchasers and not depositing it with the exchequer, an official said.
Select your Category