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pls clarify me Raja I am looser or not
again I am explaining on 30th June I have closing stock of 10lakh inclusive of vat paid @ 14.5 and MRP of that stock was say 1111000 now I have sold all this stock till date means I have reduced my MRP by 14% because of cgst now my question was can I get cgst claim or not I have only vat paid bill
pls clarify me Raja
All indirect taxes were truncate and gave birth to GST era. You do not have exception. Have to follow the law.
means traders have to loose
In this Case no loss in dealer. Bcoz, He get his VAT ITC as SGST ITC. Also the basic value Rs. 10lakhs is his hand and the tax amount also in his hand...
Otherwise he sell his goods as Basic Value plus GST 28% and collect from Customers and pay to govt...
Otherwise he sell his goods as Basic Value plus GST 28% and collect from Customers and pay to govt...
Basically view the goods include ED value. So, Tax is not suffered the items....
Also the starting troubles are faced all dealers...
Also the starting troubles are faced all dealers...
mr Raja pls give your mob no I want to talk about this point
my mobile number 0944306717
dear Raja I am purchasing genuine spare parts from royal Enfield @ 10% discount including vat for example for 100 MRP I bought at 90 inclusive of vat upto 30th June means 78.60 basic plus 11.40 as vat and sold 87.30 sale price plus 12.70 vat in previous regime. now the same in GST I sold at 78.10 plus GST 21.90 at reduced price. This sale is made out of closing stock here I reduced my sale price by 9.20 b miecause of GST for the closing stock with me I have only
vat paid bills can I claim cgst or not if not here I am looser or not
pls give me guidance
shamsheerkhan you also pls clarify me
Renew your correct mobile number.
Why not you can sell it current Rate of prize...???
In GST regime all traders like MRP based business persons change the MRP as Current Tax...
Also you ask the RE dealers then change your MRP...
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