From 15th November 2017, GST is reduced in some goods, from 28% to
18% . We are having stock which was purchased @ 28%.
Kindly send your opinion about at what % we should sale the goods to
customer with respect to stock in hand.
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Urgent Help required!!!
Replies (14)
Rate will be taken 18 % w.e.f 15/11/2017.
your purchasing rate can't effect your sell... sell at 18% rate and can take be credit of 28% as you paid at time of purchase..
Yes I agreed to Ms. Preeti.,
You ll sell with 18% rate of tax and also you can avail the ITC benefits of 28%...
You ll sell with 18% rate of tax and also you can avail the ITC benefits of 28%...
but should not increase base price
thank you so much
Mr. G Mahesh mundra.,
What is your mean...?
What is your mean...?
You are welcome Mr Akshay...
i am not understand mr. akshay
mehash ji what is means base price should not increase?
Means the sale price before 28% for example 100+28=128 now 100+18= 118 means 100 is the base price
I think his questions was ... purchase price 100+28=128 now want to sell at 110+19.8=129.8 after adding profit.
obviously noone can sell at purchase price.
obviously noone can sell at purchase price.
Just read his question carefully
Dear Mr. G Mahesh Mundra
He can't give any value....
He can't give any value....
I don't think that any profit value is going to changed because of amendment in tax rate. It will be having less liability compare to earlier .
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