Login / Signup Show Tiles Close

Biswajit Mondal

Is it in order to charge GST over already charged component of bill with GST?

Can GST be charged over already included amount of total cost (including GST)? more  

Viewed by 505
KISHORE Bhatia
All Taxes are included in MRP more  
Biswajit Mondal (Head Engineering & Projects)
May I request someone quote /give some reference/ clause number of GST manual issued by GoI, indicating this (i.e., legality of levying GST for the second time over a component on which the GST has already been applied). more  
SUBRAMANIAN PALLAVOOR
Levying of GST when price is all inclusive is not correct. more  
Arun Patro (ARUN KUMAR)
No. GST included in MRP. more  
JAYANTRAO SRIRANGAM
We have seen Manufacturer A sells to Whole seller Rs 100/+18=118.Now Wholesaler sells it to retailer with 118+Expenses/Freight/+overheads 5 = 123 and gets a set off Rs 18.Now retailer sells it to end user [common man] 123+Freight/overheads+Margin 5=128+23 [GST]=151 and gets set off Rs 18 back .On a product of Rs.100 GST is 41. more  
Post a Comment

Related Posts

    • Small Business and cost of compliance

      My cousin’s friend runs a local bakery in Goa. He accepts only CASH. No UPI/CC/Debit Card-- nothing! Logic: if he accepts anything in 'white', he will pay around...

      By Sudesh Rai
      /
    • Does GST benefit rich

      Interesting how poor people and commoners pay GST on pretty much everything they buy from biscuits to namkeen, milk to grocery And rich buys iPhone, Luxury Cars, etc as Business Expenses...

      By Sudesh Rai
      /
    • Wrong public priorities

      Cut & polished diamonds are charged 1.5% GST. Flour & curd are charged 5% GST. Diamond walas can fund politics but aate dahi doodh walas can’t?? Plea...

      By Sudesh Rai
      /
    • Why is GST council losing it in a hurry

      The GST Council has recommended 5% GST on dairy items like pre- packed, pre-labeled curd, lassi and butter milk and increasing GST on dairy machinery and milking machines from 12% to 18%. This move...

      By Rohit Garg
      /
    • GST rates need rethink

      Bicycle will attract a GST rate of 12%, but diamonds will attract only 0.25%. At a time when people aren't able to afford petrol & the poor are forced to commute on cycles, the govt charges 12%...

      By Ruchika L Maheshwari
      /
    • Rainbow loan Customer care number 8158982100=9102124538

      Rainbow loan Customer care number 8158982100=9102124538 Rainbow loan Customer care number 8158982100=9102124538

      By Pathak Jeejjk
      /
    • GST evasion

      The Private tutors and coaching classes runners should be registered by the local authorities like Panchayats, municipalities and metros through simple forms with names, addresses of operators, the...

      By Darshan Sharma
      /
    • Over 6 lakh crore of ITC blocked

      Rs6.14 lakh crore as input tax credit (ITC) remains blocked under Rule 86A by the tax authorities without any due process being followed. Attached is data by state. Can LocalCircles take up this is...

      By Naina Mittal
      /
    • My builder is claiming for recovery of GST amount.

      Dear All, I live in an affordable housing society under PMAY in Gurgaon for the past two years. Maintenance is supposed to be free for five years. Builder has increased CAM charges twic...

      By Gloria Joseph
      /
    • Cluelessness abound

      The leaders of the Govt, the babus of the Govt are very clueless LocalCircles and we have not done enough to wake up these people. Read below: 5% GST on COVID vaccine. 28% GST...

      By Sudesh Rai
      /
    • Buying a suv in India is 50% giving tax

      What's the most taxed product in India? It's not cigarettes, a can of aerated beverage or a bottle of whisky or beer. It's an AUTOMOBILE. It attracts the highest GST rate of 28% & a cess o...

      By Sunita Varghese
      /
Share
WhatsApp
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

हिन्दी About Us Citizen Pulse News Trending Team Career Privacy Policy Sitemap Contact Us
© LocalCircles 2024 FB Link Twitter Link
All My Circles
Invite to
(Maximum 500 email ids allowed.)
Send