16 January 2019
What will be gst for paper cups if I buy from manufacture?
And what if i start the production for paper cup ... I will be purchasing raw material for making paper cup....that is paper rolls and then will cutting as die ...Size of cups then it will be given shape.
07 July 2024
The GST rate on paper cups is 12% when purchased from a manufacturer. Manufacturers must pay 12% GST on raw materials and charge 12% GST on finished products. Input Tax Credit (ITC) can be claimed on the GST paid for raw materials, reducing GST liability. To claim ITC, ensure proper documentation and GST filing, and register for GST if annual turnover exceeds 40 lakhs.
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