as per latest notification GST cess rate calculation change from 1.4.2023
but what is the effect of old stock?
is old stock charges under old GST regime
or
as per new GST regime?
please guide....
5 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 09 April 2023
There was Notification issued 01/2023 Compensation Cess dtd.31/3/23 which notified new rates for PAN Masala .
So the query is what rate will applicable on his stock after this change in rate.
So the query is what rate will applicable on his stock after this change in rate.
Jeetu Kodwani
(Consultant)
(423 Points)
Replied 24 April 2023
Dear experts,
kindly confirm
as per this notification the GST rate will be MRP based so this means only manufacturer need to pay GST.
and there is no liability on further supply chain like distributors, wholesalers and retailers.
kindly confirm
as per this notification the GST rate will be MRP based so this means only manufacturer need to pay GST.
and there is no liability on further supply chain like distributors, wholesalers and retailers.
NARENDRA
(ACCOUNTS MANAGER)
(2141 Points)
Replied 24 April 2023
New rate will be applicable even either if you have old stocks .
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