Gst calculation during Manfacturing product
This query is : Resolved
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
(Expert)
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.
19 October 2017
gst rate not mention for output material . it is innovation(newly developed) product .
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...
CA R SEETHARAMAN
(Expert)
20 October 2017
Tell me the product.
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