Footwear gst

sachin agrawal (tax consultant) (130 Points)

15 January 2022

old stock footwear sales attract 12% gst in January, please clarify sir

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Sravan Reddy G (CA) (618 Points)
Replied 15 January 2022

Can u pls explain properly

Nidhi (Chief Accountant) (3150 Points)
Replied 15 January 2022

Yes, From January GST on footwear going to be 12% instead of 18%

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sachin agrawal (tax consultant) (130 Points)
Replied 16 January 2022

Old stock which was purchased with 5% gst, from January it was attracted by 12% gst.

CA Altamush Zafar (GST Consultant) (15961 Points)
Replied 16 January 2022

Yes if you are invoicing and selling from 1st Jan 2022 onwards rate of 12% is applicable. Doesn't matter when the stock was purchased.

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sabyasachi mukherjee (27099 Points)
Replied 16 January 2022

Not ýet changed

CA Altamush Zafar (GST Consultant) (15961 Points)
Replied 16 January 2022

For footwear the gst rates have been amended

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