There has been enhancement of GST rate on Carbonated Beverages of Fruit Drink or Carbonated Beverages with Fruit Juice. ( Heading 2202) • GST Rate enhanced from 12 % (total 12% ) to 28 PLUS 12% CESS ( total 40% )WITH EFFECT FROM 1ST OCT. 21
My query which I would be happy to get solved is what position will be of
Such stock in hand as on 30th sep 21 that was purchased by us prior to 30th Sep 21
And is lying un sold as on 1st of October, 21.
Will such unsold stock in hand prior to enhancement can be sold at previous rate (12%) or at new regime (40%) will be applicable
CAclubindia
