Menu
GST for retailer
if a retail ready-made garment shop which has annual turn over is below 20 lakhs and that business entity will not registered himself with under GST. then what is the GST rate of his goods which he purchased from the wholesaler .Will he get the benifit of GST .Explain with number.
Replies (4)
purchase party applied his rate 5% if garment price is below 1000/= else 12% if more then 1000 this applicable gst you can not claim because you are unregister person
so that your purchase cost is high
so that your purchase cost is high
up to the purchased by such person gst is applicable by the respective rates of the goods. The chain of levy of gst ends when such unregistered person sales the goods.
thnks
₹ 1000 per product or in total
Recent Topics :
- Loan & Joining bonus to new employees Chief Ma
- Income Tax NUDGE Notice – Gift of Shares fro
- Is DIR-3KYC Needed
- Looking for a study buddy intermediately Jan 2027
- How to correct a NIL GST return filed by mistake w
- Is it legally permissible not to report F&O lo
- Query on FCTRS
- APPLICABILITY AND BREAKDOWN OF GST COMPLIANCE ON S
- Advance for supply of goods
- Question for members: how do you manage client doc
Related Topics :
CAclubindia
