Jute Twine Rate has been increased from 5% to 12 % but Jute Yarn Rate is 5%
Hsn-Jute twine 560790
Jute Yarn 530710
is there any way to sale Jute Twine as Multi jute Yarn to reduce our GST Burden
Please support with valid Answer
Vivaan (Student CA IPC / IPCC) (77 Points)
01 December 2021Jute Twine Rate has been increased from 5% to 12 % but Jute Yarn Rate is 5%
Hsn-Jute twine 560790
Jute Yarn 530710
is there any way to sale Jute Twine as Multi jute Yarn to reduce our GST Burden
Please support with valid Answer
Rajendra Prasad
(Employee Private)
(1856 Points)
Replied 01 December 2021
Inward supply will be recorded in GST portal with HSN. Interest and penal provisions are very expensive in GST Act.
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