composition levy- sale of capital goods

[Richa Goyal]

I AM REGISTERED UNDER THE COMPOSITION SCHEME. I HAVE TO SELL SOME CAPITAL GOODS BOUGHT LAST YEAR.. DO I CHARGE GST ON THE SALE OF USED CAPITAL GOODS AND IF YES.. THEN AT WHAT RATE?

AI Summary

GST and Composition Scheme: Sale of Used Capital Goods Tax Clarification Under Section 10 A user inquired about the applicability of GST on the sale of used capital goods under the composition scheme. A respondent clarified that a composition dealer cannot collect tax from buyers. Another respondent added that while the dealer must pay the tax on the sale, they cannot collect it from others or claim input tax credit.