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| MARCH 2023 (Week 1) | ||
GST NEWS BULLETIN
CBIC clarified a person registered as a composition taxpayer cannot issue taxable invoices and can neither collect GST from his customers nor can claim ITC on his purchases
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 his purchases. The fact as to whether a person is a regular taxpayer or a composition taxpayer can be verified on the GST portal under the "Search Taxpayer" > "Search by GSTIN/PAN" tab under the heading "Taxpayer Type".
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