Manager - Finance & Accounts
58399 Points
Joined June 2010
Here's a clear explanation:
Can a Gas Agency Business Opt for GST Composition Scheme?
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Composition scheme is generally available for manufacturers, traders, and restaurants whose turnover is below the prescribed threshold.
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It is only available to suppliers of goods, not to service providers (except a few specified services like restaurants).
In the case of a Gas Agency:
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If the gas agency is only a retail reseller of LPG cylinders or related goods, then yes, it can opt for the GST Composition Scheme subject to turnover limits.
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However, if the gas agency provides services (such as installation, maintenance, or delivery services), it cannot opt for composition scheme on such service supply.
Summary:
A gas agency acting purely as a retail reseller (supplier of goods) can opt for the GST Composition Scheme. But if it is providing services, it cannot opt for composition for those services.