Purchase of gst 28% slab product

Hello, 

 

I am a trader, I wanted to know that since the product I sell has been brought to 18% slab from 1st Jan 2019. Should I buy the product at 28% in this month, as if I do I will be able to sell it at 18% slab in next month and I can have 10% extra ITC. 

 

Please advice. 

Replies (3)
it will have no impact, since you have to collect the tax from customer the excess 10% that you are going to pay as input will be adjusted with your future tax liabilities arising due to addition of gross profit margin and other purchase related expenditure in addition to your costs of purchased products.

Can be done

The credit of GST paid at 28% now at time of purchase can be availed when the product is supplied to customer next month charging applicable output GST

 

good clarification and information

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
12 November 2026
Tax Product Specialist

BharatX.ai

Gurgaon

B.Com

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
Featured 07 November 2026
Paid Assisstant

DPV & Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details