Regarding input Credit of Vat

ITC / Input 188 views 1 replies
If Any item was taxable under category of 14.5% tax amd now it is become taxable under 28% category Then if we sell Stock on 1.07. 2017 from the stock which is accumulated before 30.6.17 thn what will be treatment of this difference of 13.5% in Taxation. Because a wholesaler gets the input @ 14.5% and now he Has to Pay 28% then he has to pay 13.5% Extra out of his profit Which brings hardship On that dealer.
Replies (1)
If your prices are fixed and you cannot change them then you have to pay from your pocket, otherwise you can charge gst from your customers.


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