๐งพ Are You Being Overcharged? The Hidden GST Trap You Need to Know
Have you ever walked out of a store, looked at your bill, and wondered if you were charged GST correctly? If you're in India, there's a good chance that you’ve paid GST on something… even when the seller wasn't legally allowed to charge it. Let’s break this down. ๐ Understanding GST in India GST (Goods and Services Tax) was introduced in 2017 to simplify India’s tax system. It replaced a maze of indirect taxes with a unified one. But not every seller you buy from is allowed to charge GST on your purchase. In fact, if they’re registered under something called the “Composition Scheme”, they legally CANNOT collect GST from you. Let’s look at the two types of GST registrations: 1. ✅ Regular (Standard) GST Businesses under this category: Can collect GST from customers. Must file monthly/quarterly GST returns. Pass on tax collected to the government. ๐ก You will see GST percentage clearly mentioned on the invoice — CGST + SGST or IGST. 2. ๐ก Composition Sc...