Urd purchase

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This query is : Resolved

Allauddin patel (Querist)

07 July 2018 My data is as follow ..kindly help me sir or madam...
1) value of urd purchase cotton. Rs 6858620
2) taxable value of sale is Rs.3055570
3) gst collected on sale is Rs.152776

So tell me how much gst we need to pay ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

07 July 2018 Pay GST Rs 152776. GST not payable on urd purchase.

Allauddin patel

Allauddin patel (Querist)

07 July 2018 Thanks sir ....so we need to pay only gst on sales which we collect... Not to pay on urd ...

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

07 July 2018 Yes no GST payable on urd purchase.

Allauddin patel

Allauddin patel (Querist)

07 July 2018 Since when gst on urd purchase is suspended?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

07 July 2018 13 the October 2017.

Allauddin patel

Allauddin patel (Querist)

07 July 2018 OK....from 13 October 2017 to 30 September 2018 its suspended..... Is it correct .....

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

07 July 2018 Yes you are right.........

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Allauddin patel

Allauddin patel (Querist)

07 July 2018 Thanks lot sir ..... Assume if gst is applicable on urd purchase then what will be the payable gst on the basis of data I give above ????

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

07 July 2018 Check 5% GST applicable or exempt.

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