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Business and tax consultant
3299 Points Joined September 2017
pls clarify me Raja I am looser or not
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On 04 October 2017 at 11:07 Report
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Business and tax consultant
3299 Points Joined September 2017
pls clarify me Raja I am looser or not
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On 04 October 2017 at 11:07
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Business and tax consultant
3299 Points Joined September 2017
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
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On 04 October 2017 at 11:30
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Business and tax consultant
3299 Points Joined September 2017
pls clarify me Raja
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On 04 October 2017 at 11:32
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Director of S S Associates
968 Points Joined August 2017
All indirect taxes were truncate and gave birth to GST era. You do not have exception. Have to follow the law.
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On 04 October 2017 at 12:56
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Business and tax consultant
3299 Points Joined September 2017
means traders have to loose
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On 04 October 2017 at 12:58
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"Do the Right Thing...!!!"
128111 Points Joined January 2015
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...
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On 04 October 2017 at 13:13
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"Do the Right Thing...!!!"
128111 Points Joined January 2015
Basically view the goods include ED value. So, Tax is not suffered the items....

Also the starting troubles are faced all dealers...
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On 04 October 2017 at 13:15
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Business and tax consultant
3299 Points Joined September 2017
mr Raja pls give your mob no I want to talk about this point
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On 04 October 2017 at 16:20
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Business and tax consultant
3299 Points Joined September 2017
my mobile number 0944306717
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On 04 October 2017 at 16:24
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Business and tax consultant
3299 Points Joined September 2017
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
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On 04 October 2017 at 17:01
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Business and tax consultant
3299 Points Joined September 2017
vat paid bills can I claim cgst or not if not here I am looser or not
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On 04 October 2017 at 17:02
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Business and tax consultant
3299 Points Joined September 2017
pls give me guidance
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On 04 October 2017 at 17:03
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Business and tax consultant
3299 Points Joined September 2017
shamsheerkhan you also pls clarify me
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On 04 October 2017 at 17:04
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Director of S S Associates
968 Points Joined August 2017
Renew your correct mobile number.
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On 04 October 2017 at 17:11
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"Do the Right Thing...!!!"
128111 Points Joined January 2015

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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On 04 October 2017 at 17:11


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