What will be tax structure under gst if purchase raw material interstate, can take ITC of tax?

I am a manufacturer dealer under Kerala VAT. I usually purchase my raw materials interstate. What will be the tax structure under gst and whether I can take ITC of the tax I am paying on this purchase.

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3 Answer(s)

Under gst for interstate pur. igst will be charged in place of cst in existing system. yes you will get input tax credit of igst paid for your pur.moreover igst can be utilised for payment of cgst

Answered on June 10, 2017.
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100% ITC will be available to you as your suppliers will charge you IGST only

Answered on June 10, 2017.
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100% ITC can be availed

Answered on June 10, 2017.
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Your Answer

Gen GST