composition levy- sale of capital goods, Goods and Services Tax - GST

[Richa Goyal]

I AM REGISTERED UNDER THE COMPOSITION SCHEME. I HAVE TO SELL SOME CAPITAL GOODS BOUGHT LAST YEAR.. DO I CHARGE GST ON THE SALE OF USED CAPITAL GOODS AND IF YES.. THEN AT WHAT RATE?

Posts / Replies

[ANITA BHADRA]

No as the composition dealer cannot collect tax paid

[MARIAPPAN GOVINDARAJAN]

Since you have opted for composition scheme you have to pay the tax and you cannot collect it from other persons and also take credit of the same.