Gst return - cess

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This query is : Resolved

MITHUN verma (Querist)
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11 June 2026 Sir, we also sell cold drinks in our shop. When we purchase them, a total of 40% tax is charged (28% GST and 12% Compensation Cess). We take input tax credit of both the 28% GST and the 12% Cess. At the time of sale, we report and charge 28% GST and 12% Compensation Cess in our GST returns. Is this correct, or am I doing something wrong?

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)
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11 June 2026 You are correctly handling your GST obligations. You are entitled to claim Input Tax Credit on the 28% GST and 12% Compensation Cess paid on purchases, and you are correct to charge and remit both taxes on your outward sales. Maintain accurate records in your GST filings to support these claims.

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