Gst rate on bamboo
This query is : Open
Ashim kr Ray
(Querist)
15 August 2017
Sir,
please tell the GST rate on bamboo.
please tell the GST rate on bamboo.
15 August 2017
Vegetable materials of a kind used primarily for plaiting (for example, bamboos, rattans, reeds, rushes, osier, raffia, cleaned, bleached or dyed cereal straw, and lime bark)
HSN Code 1401
Rate(%) : 5
Ashim kr Ray
(Querist)
15 August 2017
Bur sir Bamboo falls under Live tress and plant which is zero per.
15 August 2017
Wood charcoal (including shell or nut charcoal), whether or not agglomerated
HSN Code 4402
Rate(%) : NIL
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Ashim kr Ray
(Querist)
15 August 2017
So whether bamboo would come under 5% rate of gst.
Ashim kr Ray
(Querist)
15 August 2017
And on more thing purchaser purchase bamboo from village people ,supply to other state,in this case purchaser has no bill for purchase whether RCM applicable in this case.?
Ashim kr Ray
(Querist)
15 August 2017
sir,
please any reply
please any reply
15 August 2017
Yes. If it's taxable item then RCM ll be applicable for Received supply from URD
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Ashim kr Ray
(Querist)
15 August 2017
sir
If monthly purchase is RS 50000 from URD, then we have to subtracted Rs 50000-5000=45000, we have to tax on rs 45000 as RCM.M i right .
If monthly purchase is RS 50000 from URD, then we have to subtracted Rs 50000-5000=45000, we have to tax on rs 45000 as RCM.M i right .
15 August 2017
No... It's wrong...
Your purchase value is Rs. 50000/- Then you ll calculate Rs. 50000*5/100 = 2500...
RCM amount is Rs. 2500
Your purchase value is Rs. 50000/- Then you ll calculate Rs. 50000*5/100 = 2500...
RCM amount is Rs. 2500
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15 August 2017
Your one day ex is less than 5k. You don't be pay tax under RCM.
If it's exceeded above 5k. You ll be pay tax under RCM...
17/07/2017 - Your ex is 4500. Can't applicable RCM.
19/07/2017 - Your Ex is 5500. RCM applicable to Rs. 5500/-
If it's exceeded above 5k. You ll be pay tax under RCM...
17/07/2017 - Your ex is 4500. Can't applicable RCM.
19/07/2017 - Your Ex is 5500. RCM applicable to Rs. 5500/-
Ashim kr Ray
(Querist)
15 August 2017
Sir,
You save me from doing great mistake. If some one make mistake in return and later realised that the return was wrong,what he will do ,as there is no process of revises return.
You save me from doing great mistake. If some one make mistake in return and later realised that the return was wrong,what he will do ,as there is no process of revises return.
Message likes :
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15 August 2017
In case Invoices they ll be make Debit/Credi notes...
In RCM related mistakes then calculate interest. That's all so simple...
In RCM related mistakes then calculate interest. That's all so simple...
Ashim kr Ray
(Querist)
15 August 2017
Thanking you,
Sir whether Mobil Gst rate is 5%, is there any software to get the rate of product.
Sir whether Mobil Gst rate is 5%, is there any software to get the rate of product.
15 August 2017
You can try to gst4u.in or cleartax. websites....
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