How Will GST Work For Me

[King Dranzer]

I want to start a PC assembly business. How will GST work for me. I will have to get the components from a wholesale distributor assemble them and then sell it. In this case will the GST be applied twice once when I buy it from distributor and again when I sell it. Or will the GST that we paid to retailer be returned to us when we sale the item to consumer. Will the GST be applied at different levels or will it only be applied at single level.

Lets say the price of components is 20,000 on which distributor is adding 18% GST which makes it 23,600. When I sale it should I sell it for 26,600 in which the GST I paid will be reverted or should I add GST again to final product which makes it 30,600.

AI Summary

Input tax credit allows assemblers to offset GST paid on components against output GST, reducing tax to value addition.
GST is charged on the final supply at the applicable rate and registered assemblers may claim input tax credit for GST paid on components and services by recording it in the Electronic Credit Register and using it to discharge output tax; input credit cannot be adjusted between CGST and SGST, while IGST rules govern inter state supplies.