any law in gst for profit/margin ?
if we sell wholesale garment with100 rupees profit (for example a garment cost is 50 rupees +100 rupees wholeseller profit=total sale price is 150)...its type of profit are valid or not in gst law?
2 Replies
Sanjay Kalani
(9 Points)
Replied 05 August 2017
valid, if any benefits from GST than must be transfer. Like your cost including exice is 110(100 +10 exice) and GST is 28% than you claim exice benefits in trans1 form and sell your goods from normal rate+ GST less rs.10
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