Those traders who have opted for composition under GST can not levy tax on customers. Despite this, many business customers are taking GST. But, do not make deposits with the government. To prevent this, the Ministry of Finance is going to be vigilant. 

An official of the Ministry said that for composite schemes registered dealers and service providers, it would be necessary to tell on the bill that they are in the composition category. They will not be able to take tax from the buyer. The Ministry of Finance will also run a campaign to educate customers about this. 

Customers will be advised that those who are under the Corporate Composition Scheme can not take GST. A total of 1.17 crore companies are registered in GST. Of these, 20 lakhs have opted for composition.

Committee will consider the decline in GST revenue of states

1. Deputy Chief Minister of Bihar Sushil Modi has been made the Chairman of the GST Committee on Revenue. The seven-member committee will consider the decline in the revenue of states after GST and will suggest ways to increase it.

    

2. Most states including Punjab, Himachal Pradesh, Chhattisgarh, Bihar, Gujarat and Rajasthan have complained about the decline in tax. During April-November, their tax collection decreased from 14 to 37 per cent.

    

3. After the GST came into force, only GST collections in Andhra Pradesh and North-Eastern states of Mizoram, Arunachal, Manipur, Sikkim and Nagaland increased. For the April-November 2018, the Central Government gave 48,202 crore rupees as compensation to the states, in the year 2017-18, 48,178 crore was given.

   The limit of composition increased to Rs 1.5 crore from April Will be

4. Currently, businesses with turnover of up to Rs one crore can go to composition. GST Council decided to increase this limit to 1.5 crore in the last meeting. It will be applicable from 1st April, 2019

    

5. Under the new arrangement, service providers with turnover up to Rs 50 lakh will also be able to opt for composition. Until now only restaurants businessmen could go to compositions in the services. They have to pay 5% tax.

    

6. Composition businesses have to pay 1% tax on the whole turnover. There is a provision for returning every quarter for them. It will be annually from the next financial year. However, they will have to pay tax every quarter.