banner_ad

GST, GST CESS AND ITC COMPONENT

422 views 2 replies

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. 

 

Replies (2)

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. 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details