PROVISION OF SEC 18(4) APPLY TO NON COMPOSITION DEALER, Goods and Services Tax - GST

[YUWRAJ KOTHARI]

WHETHER PROVISION OF SEC 18(4) APPLY TO NON COMPOSITION DEALER UNDER VAT I.E EARLIER LAW AND OPTING TO COMPOSITION U/SEC 10 UNDER GST OR REGISTERED UNDER GST AND LATER STAGE SHIFTS TO COMPOSITION SCHEME ?

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

Section 18(4) is applicable to any person who has availed of input tax credit-opts to pay tax under Composition levy under section 10 on or after 01.07.2017 and if the goods or services provided by him early becomes exempted in GST regime then he shall pay the amount equal to the credit taken.

Section 18(4) is applicable to non composition dealer under earlier law opting to composition levy if the goods or services or both becomes exempted in GST regime.