suppose gat rate on a item increased from 1.2.18 , earlier tax rate was 18%, now this is 28%. we have closing stock of earlier tax rate.. now can i sale my old stock in previous tax rate,
otherwise i will face a lot of loss.
Menu
gst rate increased
Replies (3)
No, you must charge at revised rate
Sorry you must charge at Revised Rate i.e. 28%...
As per section 14 CGST Act , you have to charge 28% (the new rate applicable)
Recent Topics :
- Invoice made but goods not sent
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
Related Topics :
CAclubindia
