A GAS AGENCY BUSINESSMEN CAN OPT GST COMPOSITION SCHEME

Rules 177 views 1 replies

A GAS AGENCY BUSINESSMEN CAN OPT GST COMPOSITION SCHEME ?

ONLY RETAIL RESELLER. NOT A SERVICE PROVIDER.
 

Replies (1)

Here's a clear explanation:

Can a Gas Agency Business Opt for GST Composition Scheme?

  • Composition scheme is generally available for manufacturers, traders, and restaurants whose turnover is below the prescribed threshold.

  • 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:

  • 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.

  • 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.



CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register