What will be the GST Rate on clothes & Motor Vehicles?
Thanks
3 Replies
Rahul Chhallani
(42 Points)
Replied 24 April 2017
most probably the rate under gst shall be equal to current incidence of taxes applicable on product for e.g. a commodity with an excise duty rate of 12.5% and vat rate of say 6% total tax incidence being 18.5% be taxed under gst at 18% ..motor vehicles other than luxury cars may be taxed at 18% no clarity on cloth
Waseemkhan Pathan
(Accountant)
(3 Points)
Replied 24 April 2017
Thanks you very much for the reply...
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