A business purchased raw materials for shoe manufacturing at an 18% GST rate but sells the finished shoes at a 12% GST rate. The query concerns whether the business can claim the full 18% input tax credit on their purchases. The advice given is that claiming the 18% input tax credit should not pose a problem, despite the difference in GST rates between purchases and sales.
05 March 2022
Goods purchased GST Rate is 18% but Goods sold GST rate is 12% , can i claim GST Input at 18% or will may arise any problem to claim GST Input.