Gst calculation during Manfacturing product

This query is : Resolved

chinka (Querist)
Follow

18 October 2017 if a product Manfactured name as' D ' . D = A+ B+C ;A, B,C are the raw material GST value of A = 12%;B=18%;C=12%. . By the selling the product D what will be the tax rate 12% or 18% ?how it is calculated? can you give me any gst documents

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

18 October 2017 GST rate is not based on input material rate you have to see the GST rate applicable to out put material. In case out put material rate is 5% you can claim refund on excess ITC.

chinka

chinka (Querist)
Follow

19 October 2017 gst rate not mention for output material . it is innovation(newly developed) product .

RAJA P M

RAJA P M (Expert)
Follow

19 October 2017 @Chinka., No more logic for "gst rate not mention for output material . it is innovation(newly developed) product".... You ll made new product then tell the product / search in HSN details... GST rates based on product not based to Raw material...

chinka

chinka (Querist)
Follow

20 October 2017 gst rate is not mention for this product

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

20 October 2017 Tell me the product.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now