Currently we pay 0.5% VAT instead of 5% applicable on Garments. This is due to small turnover company upto 50 lakhs annually.
What will happen post GST? Will we continue to have the benefit of small businesses or cease to get it?
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Vat rebate for small traders
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" What will happen post GST? Will we continue to have the benefit of small businesses or cease to get it?"
One India, One Tax Rate.
All such small marginal differences will be rationalized and hence you may loose the incentive availed presently.
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