suppose @ 28% tax rate what would be tax liability of distributors with turnover between 3-5 cr
would be difference between sale purchase @ 28%...?
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GST implication on electronics distributors
Replies (3)
Roughly 28% over Gross profit, provided all the goods had been purchased from registered dealer/s.
Electronic goods would proabaly be at 18% and therefore the total tax would reduce under GST.
currently as a trader we pay 13.5% on gross profit but in gst as per rate we hav to pay either 18 or 28% on gp???
than how is gst beneficial for us?
than how is gst beneficial for us?
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