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tax percentage exceeds
sir iam doing my metallic yarn business in tamil nadu now. here in tamil nadu it is comes under 5% slab but now in GST it is coming under 18% slab. while I put 18% tax from 1'st July. how much amount will be input to me sir. more over iam getting CST 2% goods & exempted goods also. now in GST all comes under 18% slab. what can I do now ?
Replies (2)
itc would be amount carry forward by you by following transitional provisions.
what if rate has become 18%. u have to charge it from customer. further it is change for all not for u only.
thank for ur clarification mam. it is still confusion that metallic yarn & imitation jari coming under which % slab. pls help me if u know about this. tku again mam
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