Menu
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
Recent Topic
- Which ITR form
- Form 103 id delayed for submission for more than 1
- Composition scheme
- Input tax credit under igst under insurance compan
- ITR Form to be used
- CGAS account Holder Deceased
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
Related Topics
CAclubindia
