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gatin rates
suppose we are purchasing shoes leather @ under 500/ per pair and paying Gstin @ 5% & we r selling it at above RS 500/ per pr. what will be the gstin rate to be charged by me 5% or any else
Replies (5)
You have to charge 12% as price is more than Rs.500/-
I am confusing.... selling price increases it means GST rate % too increase...?
Yes.... On footwear rate below 500 is 5% while above it rate is 12%
yes you have to charge 12%
@ Rashmi
yes its true below 500 rs. gst rate is 5%.
but please confirm on which HSN code under footwear rate is 12%.
yes its true below 500 rs. gst rate is 5%.
but please confirm on which HSN code under footwear rate is 12%.
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