The garment industry cannot claim the input tax credit because the GST rate on raw materials is higher than the GST rate on finished goods. The Indian government changed the GST on clothing in January 2022 to address this issue; however, these changes have not yet been implemented. From Janua...
Here are some of the services fall under 9988 SAC. You may refer to our GST rate for services table for various types of job work services under GST and their GST rates on the group level. The aerated beverages are currently placed under the highest GST slab of 28 percent with a ...
GST on Gold/ GST on Gold Jewelry/ GST on Gold Coins Revised Rate on Gold Jewelry e-Way Bill Rule Input Tax Credits Availability Key Takeaways Related Articles The GST was enacted on July 1, 2017, that impacted the prices of a variety of goods. Among those goods includes gold as well....