How to calculate GST with different raw materials
Query (Issue) Started By: – Sundaramoorthy Manickam Dated:- 6-9-2017 Last Reply Date:- 8-9-2017 Goods and Services Tax – GST
Got 5 Replies
GST
My product contains raw materials which attracts 5%, and 18% GST. My Final product GST % is 5 only.
Sized cotton/viscose warp – 18%
Cotton weft yarn – 5%
Final Product Saree with 85% cotton and other materiasl (HSN code 5208) is taxed at 5%.
So finally ended up n making loss, any other way to overcome this problem?
Reply By MARIAPPAN GOVINDARAJAN:
The Reply:
You may consult with the consultant in this regards.
Reply By MADAN RAHEJA:
The Reply:
You can claim refund of accumulated credit arising on account of inverse tax structure u
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