The product which we manufacture is used in automotives based on the HSN its rate is 18% whereas the car as Finished Product is taxed at 28% should I charge 18% in the bill for the supplies to be made or 28%
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Query on application of rate based on hsn
Replies (1)
As you are the manufacture of the automotives and you are giving invoice to the customer so on sale of automotives you will charge at the rate of 28% and you can take credit at the rate of 18% for the part which you used in making the automotives.
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