Dear experts,
Under Composition levy, person registered under this scheme, while on purchase of goods/services, does he need to pay the CGST and SGST or IGST ? if so, it will be cost to him, in such case,he consider to those taxes also as cost and price of the product will be fixed on cost + gst ? and also can he make purchase of inter state and making intra state sale ?
For making inter state purchase and intra state sale, can he eligible to take gst registration under Composition levy. ?
Understanding Composition Levy under GST: Pay CGST, SGST, IGST without ITC; No Inter-State Sales Allowed; Registration Required. A participant inquired about the implications of the Composition Levy under the Goods and Services Tax (GST) for purchasing goods and services both inter-state and intra-state. Specifically, the query addressed whether a person registered under this scheme must pay CGST, SGST, or IGST, and how these taxes affect product pricing. Responses clarified that while such a person must pay these taxes, they cannot claim input tax credit (ITC). There are no restrictions on inter-state purchases, but inter-state sales are not allowed under the Composition Levy, and registration is required for inter-state sales. (AI Summary)
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