Hello Sir/Mam,
I am a reseller for used empty old gunny bags. I am confused that what should be my GST, GST CESS and ITC if I sell 8000 bags for Rs 23 one bag.
Kindly help me out with the confusion.
Thank you.
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GST, GST CESS AND ITC COMPONENT
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Quick Summary
To determine the GST, GST Cess, and ITC for your sale of used empty old gunny bags, we'll consider the following: GST Rates and Classification Used empty old gunny bags are classified under HSN code 6305, attracting a GST rate of 5%. GST Calculation To calculate the GST: Total Value = Number of Bags × Price per Bag Total Value = 8000 bags × ₹23/bag Total Value = ₹184,000 GST = Total Value × GST Rate GST
Rama sir,
Kindly tell me what will be my GST Cess and ITC? I am confused in this part.
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