Manufacturer: A furniture manufacturer buys wood, fabric, and nails worth ₹1,000. Suppose the GST rate is 18%. The manufacturer pays ₹180 as GST, resulting in a total cost of ₹1,180. Wholesaler: The manufacturer sells the finished furniture to a wholesaler at ₹2,000 plus 18% ...
Items for which the GST rate has been cut from 28 per cent to 18 per cent include chocolates, chewing gums, detergents, shampoos, hair creams, henna powder/paste, deodorants, fans, pumps, lamps, sanitaryware, marble, granite, glass, wires, cables, electrical boards/panels, furniture, fire...