Vat classification in gst
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 January 2017
Dear Experts
Pls clarify. As of Now i am trading into 5% and 14.5% vatable goods. In GST weather All goods will be cover by 18% or by different percentage classification
Regds
MUKUL
Pls clarify. As of Now i am trading into 5% and 14.5% vatable goods. In GST weather All goods will be cover by 18% or by different percentage classification
Regds
MUKUL
Subramanya
(Expert)
05 January 2017
Hi Mukul,
In GST regime, 5 tax slabs defined i.e, Exempt, 6%, 12%, 18% and 28%. These rates are based on HSN/SAC code, which is not yet finalized and defined in HSN/SAC list. Once list is available, based on HSN/SAC, you can find GST rate for the commodity which you are trading.
With regards
In GST regime, 5 tax slabs defined i.e, Exempt, 6%, 12%, 18% and 28%. These rates are based on HSN/SAC code, which is not yet finalized and defined in HSN/SAC list. Once list is available, based on HSN/SAC, you can find GST rate for the commodity which you are trading.
With regards
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- TDS on Dashcam rent and allied services
- Royalty payments to the Mining Department for procurement of murum - GST input
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
