Hello,
I am a trader, I wanted to know that since the product I sell has been brought to 18% slab from 1st Jan 2019. Should I buy the product at 28% in this month, as if I do I will be able to sell it at 18% slab in next month and I can have 10% extra ITC.
Please advice.
Can be done
The credit of GST paid at 28% now at time of purchase can be availed when the product is supplied to customer next month charging applicable output GST
Suraj Garg and Associates
New Delhi
CA Inter
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Austin Med Solutions Pvt Ltd
Bengaluru
CA
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K R Kiran Kumar & Associates
Bengaluru
CA Inter
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CCI
Pro
CAclubindia
