gst rate on raw material of stainless steel is 18%and on stainless steel utensils is 12% then how it will be manage.Do we have to add this 6% gap with costing of products.
plz explain in detail.
The total of 18% paid on raw material would be less than the 12% charged on final products, after reducing the input credits of other utilized services during manufacture!!
CAclubindia
