Regarding gst

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 November 2017 hi,

i m a manufacturer and i heard that there is separate rules and tax rates in gst law so i m worried whether there would be any further any complications in future i heard that i cannot take input credit because i m a manufacturer

do i need to pay any tax on sales i have made ? actually i paid the extra tax last month !

as well my cost is very low . i should keep this rate in order to keep up the market competation ???
will i be charged under anti profiteering law??

kindly show me the correct method to solve

Udaya Chandran

Udaya Chandran (Expert)
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07 November 2017 GST registration is required only for those turnover is above Rs.20 lakhs p.a.
And ITC is available for manufacturers.
You need to charge applicable GST in your sales invoice, collect the tax and pay to govt. after adjusting the ITC on purchases.

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RAJA P M

RAJA P M (Expert)
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07 November 2017 No more specifically GST for Manufacturing...
So, What is your requirments then ask here. Also experts ll be cleared your query...

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Querist : Anonymous

Querist : Anonymous (Querist)

09 November 2017 I am registered but I was told by someone that I cannot take ITC for ex- if I have purchases tax of Rs.200 and sales tax of rs.400, so while filing the returns I must pay rs.400 again is it instead of paying 200??? is there any kind of provisions in GST Law ?? particularly for manufacturers ??is there any tax rate change for manufacturers ??

RAJA P M

RAJA P M (Expert)
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09 November 2017 No no no....
Then Why we can run the business....

Please give the details...
Are you registered under GST...?
If yes, What kind of registration as Regular Dealer or Composition Dealer...?

Udaya Chandran

Udaya Chandran (Expert)
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09 November 2017 No, you can adjust the credit and pay the balance.

Querist : Anonymous

Querist : Anonymous (Querist)

11 November 2017 I M REGISTERED IN GST AS REGULAR ONE

RAJA P M

RAJA P M (Expert)
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11 November 2017 If you are Regular Dealer then no more restriction as above way...
You can avail the Benefits of ITC...

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