Regarding Input tax

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ca ipcc
313 Points Posted on 26 May 2020
Hi everyone, one of client is wlliling to start Banana chips manufacturing firm. He is not getting any input from banana vender (i.e. Unregistered purchase).

1. what is the rate of gst?
2. As he is not getting any input, he is very difficult to pay gst. What is to be done??
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On 26 May 2020 at 13:53 Report
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Quick Summary
This discussion addresses concerns regarding input tax for a new banana chips manufacturing business. The user is seeking clarification on the applicable GST rate for bananas (HSN 803), which are nil-rated, and the GST rate for banana chips (5%). A key challenge highlighted is the difficulty in paying GST when the business purchases raw materials from unregistered banana vendors, as no input tax credit can be claimed.

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"Do the Right Thing...!!!"
128157 Points Posted on 26 May 2020
Bananas, including plantains, fresh or dried

HSN Code 803

Rate(%) : NIL
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On 26 May 2020 at 15:51
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ca ipcc
313 Points Posted on 06 June 2020
Sir its banana chips and banana powder manufacturing firm which attractes gst at 5%, right? and not banana trading. sir please clear my dounts.
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On 06 June 2020 at 19:45

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