Dear Sir
We are paying 12.5% state excise for lifting of our alchool products (used in pharma) from factory to ware house. From there we are paying 5% VAT / 2% CST for supplies to dealers. Know can we pay the state excise of 12.5% for lifting of goods from factory to ware houe and GST 12% for supplying to dealers. Please inform.
GST is comprising of State/Central Excise and State/Central sales tax so now you have to pay only GST but All alcoholic products other than specified in Schedule 1,2,3,4 of GST act are taxable @ 33% or whichever the state may decide.
CAclubindia
