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.
\nSized cotton\/viscose warp – 18%
\nCotton weft yarn – 5%
\nFinal Product Saree with 85% cotton and other materiasl (HSN code 5208) is taxed at 5%.
\nSo finally ended up n making loss, any other way to overcome this problem?
\nReply By MARIAPPAN GOVINDARAJAN:
\nThe Reply:
\nYou may consult with the consultant in this regards.
\nReply By MADAN RAHEJA:
\nThe Reply:
\nYou can claim refund of accumulated credit arising on account of inverse tax structure u<\/p>\n
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