GST 6% charged invoice received from MSME party. He is registered under Composite Scheme.
Can they rise Taxable invoice and collect GST from customer?
3 Replies
prasad Nilugal
(3914 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 .
prasad Nilugal
( GST Practitioner & Accounts )
(14801 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 .
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.
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.
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