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.
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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)
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