Will the Old Cosmetics stock compensated?

Dealer of body care products rate increased from 12.5% to 28%. Stock held on 1st july difference in tax rate on sale will be compensate by govt. or any other provision for diff in tax rate otherwise company will bear the loss

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4 Answer(s)

If you have proper invoice of stock in held den u r eligible for itc and dere is no such prob with tax rate change.

Answered on May 27, 2017.
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Who will compensate the diff ? either company will bear the loss or govt.

Answered on May 27, 2017.
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Declare the stock as on 1st July. u\’ll b eligible for 40% credit out of gst collected at the time of sale. 40% is available only for the sale out of stock held on July 1st.

Answered on May 28, 2017.
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But her question is still not answered. Input tax credit is only 12.5%, then 40% exemption comes to 6%. What about the balance. Any reimbursement for it?

Answered on May 29, 2017.
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Your Answer

Gen GST