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Loss due to change in tax rate
We are a registered Paper Merchant. We have Stock on which VAT @ 5% was paid earlier but now 12% GST is to be charged. But since it is not possible for us to increase the selling price, we have to bear the difference of 7%. Do we have any remedy on the same.
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We are having a Biomass based 6.00MW power plant, Generated power and and sales to A.P.Transco and this power sales exempted. but we have by product of fly ash after biomass waste burnt. then what is the GST rate of fly ash sales to unregistered persons with in the state.
is this By product fly ash sales exempted to tax or tax payable?
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