what is the gst rate on readymade garments less then 1000rs.

13 March 2018

what is the gst rate on readymade garments less then 1000rs per pcs.

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6 Replies

Anmol Singla (808 Points)
Replied 13 March 2018

5% gst rate on Garments having price less than Rs.1000

Rahul Prasad (CA Student) (1683 Points)
Replied 13 March 2018

agree with Anmol sir, 5% GST on value upto 999 however if it cross 999 means 1000 or more 12% GST with ITC available.

Anmol Singla (808 Points)
Replied 14 March 2018

sir if price is 5% whether credit is not available?

Rahul Prasad (CA Student) (1683 Points)
Replied 14 March 2018

without any doubt credit will be available. do not make myth of this. whether 5 or 12% for every cases credit will be available .

Anmol Singla (808 Points)
Replied 14 March 2018

hmmm. thanx for your fast and valuable reply

ishika (CA) (287 Points)
Replied 14 March 2018

5% GST Rate is applicable, If Sale value is below Rs. 1000rs

To know more about GST Rate and HSN Code of product, Click the link below

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