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Composite Scheme GST 6%

E.KALAIKOVAN (Sr. Accounts Manager ) (339 Points)

05 October 2019

GST 6% charged invoice received from MSME party. He is registered under Composite Scheme.

Can they rise Taxable invoice and collect GST from customer?

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3 Replies

prasad Nilugal (3909 Points)
Replied 05 October 2019

No , As per notification 02/ 2019 dt 7/3/2019 , Composition. delar can not collect Tax , instead he has to issue Bill of Supply .

1 Like

prasad Nilugal ( GST Practitioner & Accounts ) (14151 Points)
Replied 05 October 2019

Even if he was registered under Composition scheme as per section 10 of the CGST act 2017 ,he can not collect tax and issue tax Invoice .

1 Like

Shivam RC (Student) (23683 Points)
Replied 05 October 2019

No Sir...

Composition Scheme Dealers cannot collect GST from their customers as per the Provision of Section 10 of the CGST Act 2017. They cannot issue TAX INVOICE. Instead of Tax Invoice, they are required to issue "BILL OF SUPPLY" as per SECTION 31 of the CGST Act 2017.

3 Like