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regarding footwear retail and wholsale
what is impact of gst on retail and wholesale business of footwear if it is carried under one roof..
Replies (9)
gst applicable if turnover exceeds 20 lakhs.... there is no different impact if u carry wholesale and retail both businesses
footwear is taxable below 500 is 5%
above it is 18 %
above it is 18 %
but a retailer wikl not get credit bcz he is not issue invoice.?
U are a retailer and if u don't issue invoice then u have to pay tax on inclusive basis on sale .....and in case of wholesale sales u Shud issue an invoice applying tax....U shall get credit on all purchases
is credit given for inclusive basis sales also?
if u don't collect tax seperately den u have to pay on inclusive basis .... credit shall be given for inclusive basis sales also
which state r u from ?
gujrat
Hope that i have solved it queries
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