Liability of gst on stock upon cancellation of registrstion

This discussion clarifies the GST liability on stock held by a composition dealer when their registration is cancelled. While a composition dealer typically pays GST on turnover and doesn't claim Input Tax Credit (ITC), Section 29(3) of the CGST Act states that cancellation doesn't remove the liability to pay tax on existing stock. The query focuses on the applicable tax rate for this stock – whether it's the composition rate or the general rate.