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GST recent updates - 46 th GST council meeting
Indirect Taxation
If goods which attracts are used as raw material in business, GST also attracts for it's finished goods Right ? For example Jaggery is used in making sweets Now jaggery attracts 5%gst ..whether sweets also attract 5% GST?..
Answers (6)
CA Suraj Lakhotia Admin
Raw material doesnâ??t determine taxation of final products.
Ok tq sir,, it will impact on the cost of finished product,know?!
Thread Starter
Sajeetha ROk tq sir,, it will impact on the cost of finished product,know?!
Depends on the input tax credit
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