Dear Experts,
I am trader of cosmetic products like beauty creams, we get manufactured creams from non excisable units .They sell us the product through cst invoice at 2%.We further sell at 13.125% vat on it.
1)In GST the cosmetic products are at 28% bracket.
My question is that stock lying with me on 30 th june will sell @28% GST on it and practically I have no input with me since all billing is at 2% CST. I have to pay 28%(15% extra) from my pocket, is there any gst provision which can help me save tax as addition 15% burden is implicated on me.
2) Post GST Implementation , as per my understanding my cost will increase by 15%. Is it right?? I will be getting bill from supplier/manufacturer @ 28% with GST.
Dear sir please tell me difference between from IGST; CGST; SGST in Gst Act
Does item 32 in the list of exemptions, mean that the fees we charge for a merger & acquisition transaction, shall be exempt from taxes ?
The exemptions include the following discription "
32. Services by way of transfer of a going concern, as a whole or an independent part thereof;"
Request your advise
Pooja Roy
Strat Team M&A Advisors
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Thanks & Regards
L.D. Dharmadhikari
Dear Experts,
we have one partnership firm, our business income is commission(i.e.taken franchisee of one reputed pathology lab) and getting commission of certain % on total sales on month wise. our total receipt/turnover is coming around 8.50 lakh to 9.00 lakh. P.a
whether registration under GST is applicable on us or under reverse charges, or in which circumstances have to take GST Registrations.
Kindly suggest us, waiting for your revert.
Thanks
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DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Cosmetic business related gst query