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Output tax liability in gst regime
We are one of the ready mix concrete manufacturing company of Kolkata.
Ready mix concrete is made by mixing cement , stone chips, sand , chemical admixture and water in batching plant and then supplied customer at their construction location by transportation through concrete carrying vehicles.
In GST regime if cement is supplied by a customer( Having GST register and who will get Input credit ) as a free issue material for making ready mix concrete for then that what will be the output tax structure and the corresponding Input credit structure? ,
Replies (1)
Dear team,
Any supply of goods or services without consideration also will attract GST at the rate applicable for that product or services.
The supply of cement will attract GST Reversal at the customer end, since he availed input credit at the time of purchase.
Hope it is clear
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