Feedback   New User   Login      
Tax Management India. Com TMI - Tax Management India. Com
Home Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Case Laws Manuals Short Notes Articles News Highlights
Extracts
Home List
← Previous Next →

How to calculate GST with different raw materials

Goods and Services Tax - Started By: - Sundaramoorthy Manickam - Dated:- 6-9-2017 Last Replied Date:- 8-9-2017 - My product contains raw materials which attracts 5%, and 18% GST. My Final product GST % is 5 only.Sized cotton/viscose warp - 18%Cotton .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

onsultant in this regards. - Reply By MADAN RAHEJA - The Reply = You can claim refund of accumulated credit arising on account of inverse tax structure under Section 54(3) of CGST Act. - Reply By PAWAN KUMAR - The Reply = Correct reply by Sh.Madan.Yo .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

inverted duty structure, refund of input tax credit shall be granted as per the following formula - Maximum Refund Amount = {(Turnover of inverted rated supply of goods) x Net ITC ÷ Adjusted Total Turnover} - tax payable on such inverted rated .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Forum
what is new what is new
  ↓     bird's eye view     ↓  


|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version