Footwear gst

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tax consultant
131 Points Posted on 15 January 2022
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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Quick Summary
From January, the Goods and Services Tax (GST) on footwear has been revised to 12%. This new rate applies to all sales made from January 1st, 2022, irrespective of when the stock was originally purchased. If you are invoicing and selling footwear from this date, the 12% GST rate is applicable.

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CA
618 Points Posted on 15 January 2022
Can u pls explain properly
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On 15 January 2022 at 23:22
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Chief Accountant
3150 Points Posted on 15 January 2022
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 Posted on 16 January 2022
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 Posted on 16 January 2022

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
28271 Points Posted on 16 January 2022
Not ýet changed
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On 16 January 2022 at 12:15
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GST Consultant
15986 Points Posted on 16 January 2022

For footwear the gst rates have been amended

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On 16 January 2022 at 12:55

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