can anyone decribe wat will be act acts on old stocks in textile market .i.e. yarn stock,grey taka stock, and finished tska atock and WIP IN YARN PROCESS AND WIP IN WEAVING PROCESS AND WIP IN DYING PROCESS
AND ONE MORE WHAT ABOUT TRANSPORTER THE DELIVERY EHICH TRANSPORTER ACCEPTED BEFORE 30TH JUNE
and in textile business govt. also decided to tax on process of textiles. i.e. 1. Intermingle process/(yarn process)
2.warping
3.sizing
4.weaving
then it become grey
and after it goes in market via supply chain for further process that is DYING then how can we will claim my input GST and payable tax or reciveable plz give descripttion with an example and in textize yarn gst is 18% and on grey we r hearing that 5% then plus each process also charged 18 or 5 % plz tel as fast as possible
CAclubindia
