Clarification: Composition taxpayers cannot issue taxable invoice or collect GST from customers and claim ITC

Last updated: 21 February 2023


A recent tweet by the Central Board of Indirect Taxes Customs (CBIC), stated that, As per the Goods and Services Tax (GST) law, a person registered as a composition taxpayer cannot issue a taxable invoice and can neither collect GST from his customers nor can claim the input tax credit on hi
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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