Every taxable person registered under GST, except those who opted for composition scheme, is a non-compounded dealer (normal dealer). Higher tax rates of 5%, 12%, 18% and 28% shall be applicable for normal dealers. If the aggregate turnover of the non-compounded dealer is less than Rs.75 lakhs, s/he can opt for composition levy scheme. Normal

Any supply by an Indian resident to foreign tourist shall be treated as inter-state supply and hence IGST shall be levied.    

An agriculturist shall not be considered as a taxable person and shall not be liable to take registration. Under GST Act, ‘agriculture’ with every grammatic variations and cognate expressions, includes floriculture, horticulture, sericulture, the raising of crops, grass or garden produce and also grazing. But sectors like dairy farming, poultry farming, stock breeding, gathering of

Every registered supplier of taxable goods and services can collect tax, except those who have registered under the composition scheme. The collection of tax is done at the time of supply of Goods. The taxable person must prominently indicate the GST amount on tax invoices. GST is charged on the value or selling price of

Any tax paid by a foreigner in Indian will be refunded under GST rules. A foreign tourist is defined as a person who is not normally a resident in India, who enters India for a stay of not more than six months. As mentioned in Section 15 of IGST Act “the integrated tax paid by

Manufacturers and retailers can stamp new prices on pre-GST stock of goods and sell them till the end of September. MRP may need to be revised in specific cases.