Pan masala in gst
This query is : Resolved
Kollipara Sundaraiah
(Querist)
16 October 2020
A person new business started of pan masala product.
Question:
1.dealer composite scheme eligible or not.
2.tax rate applicable for pan masala with tobacco and with out tobacco.
3.how much rate of cess applicable.
4.how to calculate producer sale bill and tax calculation.
Question:
1.dealer composite scheme eligible or not.
2.tax rate applicable for pan masala with tobacco and with out tobacco.
3.how much rate of cess applicable.
4.how to calculate producer sale bill and tax calculation.
Lekhraj sood
(Expert)
16 October 2020
1. Composition scheme not allowed.
2 &3. Tax rate 28% plus 204 % cess with Tobacco and 60% cess without tobacco.
4. RCM is not applicable for Pan masala.If you are procuring tobacco leaves from producer then RCM will apply and you will have to pay tax on tobacco purchased.
2 &3. Tax rate 28% plus 204 % cess with Tobacco and 60% cess without tobacco.
4. RCM is not applicable for Pan masala.If you are procuring tobacco leaves from producer then RCM will apply and you will have to pay tax on tobacco purchased.
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