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Author Topic: why people think this.  (Read 92 times) Average Rating: 0
Buddey shifa
Solalaahu alaihi wasallam, marhaba Ya Rasoolulaah.
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« on: July 04, 2017, 09:16:43 AM »

jab billing

excise duty  12.5% on commodity
+
vat duty 5% on commodity

total 12.5% on commodity + vat 5% on excise issued amount = rate of commodity

this means we are spending total 18.125% on a buying goods.

to day GST plan 18% on a commodity this means .125% tax is reduced on customer.


i explain it to my senior accountant, accountant again they are saying GST bring  5% of tax is increased on customer.
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Aulia-e-hind.com
« on: July 04, 2017, 09:16:43 AM »

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Buddey shifa
Solalaahu alaihi wasallam, marhaba Ya Rasoolulaah.
Member
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Gender: Male

Join Date: Dec 2016
Location: India
Posts: 120


« Reply #1 on: July 04, 2017, 06:02:45 PM »

a small loop in gst.

as a seller if you do not pay tax then this tax rate is transfer buyer account.

there are 2 types of mismatch may occurs when tax is not paying:
1: if the buyer is any farmer or unregistered buyer to whom it will transfer. is to his address.
2: in case if dealer don't add bill to that mouth or if he forgot to enter, government cannot forgot tax for that month.
 

 
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khudahi sey banaayiygayi hui jindagaaniya hai, bil aakhir khudahi ki taraf lothna hai.
Aulia-e-hind.com
« Reply #1 on: July 04, 2017, 06:02:45 PM »

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