Menu
MOBILE TAX RATE EXTENDED
before notice mobile gst is 12%,but after amendment its18% now. my stock is of 12% items so in which I will sale mobiles now is it 12% or 18%, because my all purchased of 12% rate.
Replies (1)
You will have to sell at increased rate as per the notification. You have to take input tax as paid previously @ 12% but pay output tax @ 18% (from the date notified)
Recent Topic
- INCOME TAX RETURN
- Form 10E doubt
- LTCG on property sale after 24jul2024
- Should we mention NET INCOME or GROSS INCOME in i
- CRYPTO - SETOFF
- WBAAR: No Reclaim of Reversed ITC under Section 16
- Why Do Companies Prefer SME IPO Even When They Qua
- LTCG Tax Liability even after 100% LTCG set off wi
- ITR RETURNS
- Gold Mining
Related Topics
CAclubindia
