footwear below cost rs.500 liable for 5% gst.
if retailer buys footwear from wholesaler at 490 per piece than also 5% gst will b liable ..right..??
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gst on footwear
Replies (4)
yes basic value should be less than 500/-
ok thanks and retailer sell same at above 500 than 18% right
ok thanks and retailer sell same at above 500 than 18% right
No. if MRP of item above 500 tax will be paid @ 18% without considering sales rate.
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