TaxTMI 
TaxTMI 
HOW TO RECOVER GST LOSS FOR COMPOSITION GST PAYERS
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....OW TO RECOVER GST LOSS FOR COMPOSITION GST PAYERS<br> Query (Issue) Started By: - Rajnikant Patel Dated:- 22-9-2025 Last Reply Date:- 3-10-2025 Goods and Services Tax - GST<br>Got 6 Replies<br>GST<br>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....
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.... 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. Reply By Rajan Kumar and associates: The Reply: Need not to sell at revised MRP Reply By Rajnikant Patel: The Reply: BUT GOVT. HAS ASKED TO SELL AT REVISED MRP... IN THAT CASE I WILL BE AT FAULT... I CANNOT GIVE BACK GOODS TO DISTRIBUTOR Reply....
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.... By Sadanand Bulbule: The Reply: You cannot recover the GST loss [?] from the Government. The only practical ways are business negotiations with suppliers, re-pricing, or moving to regular GST in future, if such situations are frequent. However you must sell the goods at applicable rate under GST-02 reforms. Otherwise Section 171 gets attracted. Reply By KASTURI SETHI: The Reply: Go through S....
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....ection 12 (1) & (2) of CGST Act. Tax is to be paid at the rate in force at the time of supply of supply of goods. Perfect analysis and conclusion by Sh.Sadanand Bulbule, Sir. Well cautioned. Reply By Shilpi Jain: The Reply: Is the supplier a composition tax payer? If so then on sale GST should be 1%? If not a composition taxpayer, you can apply for refund under inverted duty structure. Reply....
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.... By Rajan Kumar and associates: The Reply: Respected Sir, The query is about Composition Dealer, how it will affect the Composition Dealer?<br> Discussion Forum - Knowledge Sharing ....