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Footwear gst

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tax consultant
131 Points Joined May 2016
old stock footwear sales attract 12% gst in January, please clarify sir
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On 15 January 2022 at 22:35 Report
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CA
618 Points Joined March 2018
Can u pls explain properly
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On 15 January 2022 at 23:22
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Chief Accountant
3150 Points Joined July 2020
Yes, From January GST on footwear going to be 12% instead of 18%
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On 15 January 2022 at 23:33
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tax consultant
131 Points Joined May 2016
Old stock which was purchased with 5% gst, from January it was attracted by 12% gst.
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On 16 January 2022 at 09:08
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GST Consultant
15986 Points Joined March 2013

Yes if you are invoicing and selling from 1st Jan 2022 onwards rate of 12% is applicable. Doesn't matter when the stock was purchased.

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On 16 January 2022 at 09:25
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Profession Business
28196 Points Joined May 2017
Not ýet changed
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On 16 January 2022 at 12:15
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GST Consultant
15986 Points Joined March 2013

For footwear the gst rates have been amended

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On 16 January 2022 at 12:55

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