HOW TO RECOVER GST LOSS FOR COMPOSITION GST PAYERS

[Rajnikant Patel]

How to recover GST loss for composition Gst payers?

I have old stock purchased at 12% & 18%... But now I have to sell all the all the old stock at 5% GST or revised reduced MRP... I am at loss of GST which I have already paid while buying goods from Stockiests... 

In such scenario what should I do to recover or reduce loss due to revised GST.

AI Summary

Tax rate at time of supply dictates GST liability; composition dealers must charge revised rate and seek supplier negotiation.
Composition taxpayers with old stock purchased at higher GST rates cannot recover embedded tax from the Government; tax liability is determined by the rate in force at the time of supply. Practical responses include supplier renegotiation, repricing, or shifting to regular taxpayer status to protect input credits. Dealers must charge the applicable rate at supply and address losses through commercial or structural measures, failing which transitional and compliance provisions governing supply obligations may be attracted.