footwear

Genearl guidance on the chargebility of GST

1. First find out the product you are dealing and match with the HSN / SAC code as per GST

2. It will indicate the effective GST rates

3. Meanwhile find out any notification issued on the same.

4.Decide where you are selling whether inter state / or within state

5. Find out whether you have declared this product closing stock in TRANs 1 

6.Find out the product is own manufactured or purchases as trading stock if so whether Brand registered  and the buyer / seller should be a GSTR No holder or less than 20 lakhs limit for unregistered

when the above parameters are analysed and done the applicability of tax can be decided.

Everyone pay tax manufacturer will pay while purchasing the raw material,distributer pay while purchasing from manufacturer and customer pay while purchasing from retailer.manufacturer and distributers will get input credit and customer will enjoy the reduced tax burden as customer the ultimate point.

Yes . IN the supply chain everybody will get the ITC and expunge on their supplies. Net only on the profit margin the  GST is charge.This will avoid cascading effect of taxation truly very clear system of taxation but all the trade , manufacturer , small or big accept this as journey and reach the destination safely.

IN between what ever you do it is get reflected in the safety of journey.

Nation building is the prime responsibility that finding loopholes in law for not its adherence