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enlighten me about it
All throughout we have known that gst implementation will reduce cost of many items across all the sectors but after seeing the gst rates, I am feeling that instead of reducing the cost of a product it's going to increase the present prices. I think, like we have seen a number of clarifications and ammendments came later in case of companies act 2013, we are going to face a similar situation in case of gst. Please enlighten me about the impact of gst in case of product pricing
Replies (2)
please take an example of a product valued Rs100 and apply ed 12.5 and vat of your respective state for the item and arrive at landing cost similarly work out for a product valued 100 with GST TAX REGIME we found there is a saving of Rs 1.50 or Rs 2 per 100 give due credits while arriving landing cost under both regimes
I dont know the vat rate applicable to your state apply that and work it out
Thanks sivaram.
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