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tax rate

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05 June 2017 Sir i am confused tax rates......... If apparels below 1000..then taxed at 5% tax rate... If apparels above 1000...then taxed at 12% tax rare.......... Is this provision applies to readymade garments........ Or.. Readymade garments always taxed at 12% tax rate... Thanks in advance
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
05 June 2017 Readymade Garments are of below Rs.1000/- then taxable @5% otherwise it is taxable@12%
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tinku

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tinku (Querist)
05 June 2017 Thnaks sir
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tinku

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tinku (Querist)
05 June 2017 According to your answer sir... 1000 provision is applies to only readymade garments... Sir ... Sir what if cotton sarees above1000 rupees...cotton saree taxed at 5% rate... If cotton sarees above1000 then what is the tax rate... Iam confusing apparels above 1000 rupees sir..
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
05 June 2017 It will taxable @12%
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tinku

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tinku (Querist)
05 June 2017 Cotton sarees taxed at 5 %
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tinku

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tinku (Querist)
05 June 2017 If above1000 tax rate is howmuch sir
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
05 June 2017 It will taxable @12%
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tinku

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tinku (Querist)
05 June 2017 Thank you gandhi sir
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
05 June 2017 I m Not sir check first
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tinku

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tinku (Querist)
05 June 2017 Sorry... Have a nice day rashmi
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