if I am a wholesaler , I am in business of steel pipe
I purchase steel pipe from West Bengal and Sale it Maharashtra
what will b the taxability according to GST
and what kind of set off I will get on tax I pay while purchasing it from West Bengal
i carry out my business from Mumbai
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GST on Steel
Replies (2)
gst rate on s.s. pipes will be 18%. and west. bangal party charges on inv. igst only with 18%. now you sale the goods with in state then you have charges in inv. cgst and sgst hope matter is solve.
your supplier would charge IGST( since interstate supply) . now when u would sell the goods in Maharashtra you would be charging CGST +SGST( intra state supply)
so you could use your IGST charged by your supplier to pay CGST and SGST to the government
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