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GST effect after rate changes of pan masala

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11 Points Posted on 08 April 2023
as per latest notification GST cess rate calculation change from 1.4.2023

but what is the effect of old stock?

is old stock charges under old GST regime
or
as per new GST regime?

please guide....
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On 08 April 2023 at 18:54 Report
Replies (5)
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GST Practitioner
55067 Points Posted on 08 April 2023
As per the new effective law.
301 Reply
On 08 April 2023 at 23:42
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Profession Business
28198 Points Posted on 09 April 2023
There is no new or old gst regime.
44 Reply
On 09 April 2023 at 06:55
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GST Practitioner
55067 Points Posted on 09 April 2023
There was Notification issued 01/2023 Compensation Cess dtd.31/3/23 which notified new rates for PAN Masala .
So the query is what rate will applicable on his stock after this change in rate.
301 Reply
On 09 April 2023 at 23:58
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Consultant
423 Points Posted on 24 April 2023
Dear experts,
kindly confirm
as per this notification the GST rate will be MRP based so this means only manufacturer need to pay GST.
and there is no liability on further supply chain like distributors, wholesalers and retailers.
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On 24 April 2023 at 10:48
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ACCOUNTS MANAGER
2213 Points Posted on 24 April 2023

New rate will be applicable even either if you have old stocks .

4 Reply
On 24 April 2023 at 13:21


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