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Gst rates
Hi Team,
Need clarification in below scenario, request you to please confirm with Accounts Team.
After GST in footwear category GST below Rs. 499 is 5% and above 499 is 18%. If I am selling a product @ 499 and charging additional Rs. 50 for courier charges. What would be the tax percentage applied, is it 5% or 18%.
Replies (5)
it will be considered as composite supply
Both are different supplies and hence not added for rate. It is a case of composite supply and the rate of principal supply is applicable. i.e. 5% over Rs.499 and 5% over Rs.50 separately.
Thank you so much sir.
Thanks Sir
My Pleasure
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