Tax invoice

This query is : Resolved

k.b.nagesharao

k.b.nagesharao (Querist)
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15 June 2017 shall we charges C.G.S.T , S.G.S.T, AND I.G.S.T. ON ALL SALES made within the state and outside state, we are dealing Manmade fabrics, and g.st. 12% should be charged, If I charged 6+6+12 which totals to 24%. Please let me know. thanks in advance. please reply as early as possible.

K.B. Nagesha rao
9448826793
kbnagesha@gmail.com

CA Shubhanshu Jain

CA Shubhanshu Jain (Expert)
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15 June 2017 NO, Prescribed rates under GST are of IGST
and
IGST=CGST(50% of IGST) +SGST(50% of IGST)

In your case since goods are covered under 12% Tax rate,

So if supply is within state, CGST @6% and SGST @6% is to be charged

and

if supply is outside state, IGST @12% is to be charged