Readymade garments gst 5 or 12

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GSTP
211 Points Posted on 01 April 2021

 a retail garments shop

ready made garments purchased  RS.950/ Piece  so GST 5%  on purchase bill

and iam selling this garments is for RS.1045/piece   

so what gst rate applicable on sales  5 or 12 ???

 

readymade garments above rs.1000  is taxable 12%  applicable  in wholesale & retail??

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On 01 April 2021 at 13:00 Report
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Chartered Accountant
16188 Points Posted on 01 April 2021
12% GST is applicable on readymade garments as sale price exceeds 1000 rupees
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On 01 April 2021 at 15:23

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