gst on job work related to textiles
Query (Issue) Started By: – pawan agrawal Dated:- 7-8-2017 Last Reply Date:- 8-8-2017 Goods and Services Tax – GST
Got 3 Replies
GST
There is reduced in GST Rate on job work of Yarn Process related to man made yarn from 18% to 5% on 05-08-2017. whether this change of rate is applicable from 05.08.2017 or from 01.07.2017.
\nSuppose I have received a job work bill on 31.07.2017 of ₹ 100000 then what gst I have to paid . ₹ 5000 or ₹ 18000. B ecause Before 05.08.2017 there is rate of gst on job work charges was 18% and now it is 5%.
\nReply By KASTURI SETHI:
\nThe Reply:
\nReduced rate of tax cannot be effective retrospectively until or unless it is mentioned in the notification per <\/p>\n
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