Pre-packaged supply

Dear Sir/ Mam

We have 0% rated stock, purchased earlier and even Opening Stocks too. And all are pre packaged.

Do we have to charge GST @ 5% on or after 18-07-22 on sales.

Or can we sell on 0% till the stocks last..

We run provision stores..

Your valuable suggestions may help a lot..

Thanks & Regards.
Eajaz
Replies (2)
Quick Summary
This discussion clarifies GST charges on pre-packaged items for provision stores. From 18th July 2022, pre-packaged goods are subject to a 5% GST rate, regardless of when the stock was purchased. Existing 0% rated stock will also be taxed at 5% upon sale after this date. The advice suggests that all pre-packed stock will attract GST from the effective date.

Nothing is mentioned regarding above subject matter in the notification. Only effective date has been given.
All pre packed stocks will effective as gst levied w e f 18/07/22.While which item supply, gst fully deposit in cash ledger as per taxable invoice issued during the month by the supplier. Compositions dealers estimated their tax liability.

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