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readymade garment tax rate

Rate / HSN codes 462 views 14 replies
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Accounts manager
31 Points Joined May 2014
tax rate of 12% & 5% is to be charged on invoice value or per piece above 1000/- or below 1000/- respectively.
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On 03 July 2017 at 21:53 Report
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4 Points Joined July 2017
but input tax refund available?
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On 03 July 2017 at 22:31
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Proprietor A K Kandpal & Associates
1442 Points Joined February 2010
per piece value...
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On 03 July 2017 at 22:42
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Proprietor A K Kandpal & Associates
1442 Points Joined February 2010
@ kirti....input tax balance is adjusted against future liability of gst
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On 03 July 2017 at 22:43
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PROPRIOTOR
32 Points Joined May 2017

can composition dealer purchase goods from composion dealer if yes who will pay GST

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On 03 July 2017 at 22:44
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Proprietor A K Kandpal & Associates
1442 Points Joined February 2010
since both are registered, hence supplier will pay the gst and he cannot collect is separately from purchaser....he has to pay @ 1% or 2% as the case may be from his own pocket.
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On 03 July 2017 at 22:47
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4 Points Joined July 2017
sir
if readymade garment goods i pay 12%
i can claim paid gst as set off?
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On 03 July 2017 at 22:49
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PROPRIOTOR
32 Points Joined May 2017

SIR I CHARGED FRIGHT ON  OUTWORD SUPPLY FROM MY CUSTOMERS AND ADDED IN TAX INVOICE, IF THEIR IS ANY LIABILITY TO PAY GST

WHO WILL BE RESPONSIBLE

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On 03 July 2017 at 22:56
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Proprietor A K Kandpal & Associates
1442 Points Joined February 2010
@ kirti.....yes if you have paid output gst than it is your right to claim input tax paid by you earlier when you had purchased the same
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On 03 July 2017 at 23:09
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Proprietor A K Kandpal & Associates
1442 Points Joined February 2010
you should have charged gst also on the freight value also....if you have not charge it mistakenly, you should issue revised bill and charge the same, otherwise it will be assumed that value of freight is cum duty and you have to paid gst from your pocket.
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On 03 July 2017 at 23:12
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PROPRIOTOR
32 Points Joined May 2017

Sir, my firm supply the  goods direct to parties  on behalf of commission agents and paid them commission as per agreement  and paid servive tax in existing law

what will be the impact in GST law and rate of GST

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On 05 July 2017 at 22:02
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PROPRIOTOR
32 Points Joined May 2017

SIR,

Textile dealer being exempt in existing law having stock on 30-06-2017 purchsed from unregister dealers, 5% GST levy in GST,

opts compostion scheme. what is the procedure of tax paid on stock held on 30-06-2017  

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On 12 July 2017 at 13:31
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Proprietor A K Kandpal & Associates
1442 Points Joined February 2010
I also have confusion about this whether or not gst needs to be paid on the stock purchased before 1 July from unregistered dealer at the time of opting composition scheme.....one of the expert "Ashok Batra" who is teaching GST (you might have seen his advt. during champion league matches) said that in his opinion in the above case one need not to pay any gst......but for more clarity I have asked this question on Twitter handle of cbec.....if they reply than I will let you know.
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On 12 July 2017 at 14:03
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icwai
80 Points Joined July 2012
sir manufaturer of garments in compstion schem what is gst ?
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On 16 July 2017 at 16:58
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Proprietor A K Kandpal & Associates
1442 Points Joined February 2010
2% (1% cgst + 1% sgat/utgst)
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On 16 July 2017 at 17:33

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