Tuesday 23 May 2017

GST Rate Schedule Chapter - 24 (Tobacco and manufactured tobacco substitutes)

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Chapter
24 (Tobacco  and manufactured tobacco substitutes)
Nil
-
5%
1.   Tobacco leaves
[under reverse charge]
12%
-
18%
-
28%
1. All goods  not specified elsewhere, other than biris.

8 comments:

  1. Unknown2 July 2017 at 12:26

    Please explain how much tax i have to pay on manufactured tobacco

    ReplyDelete
    Replies
    1. young minds consultancy3 July 2017 at 00:29

      As you are Dealing in Manufactured tobacoo You have to pay tax and Cess applicable on same

      Delete
  2. Unknown2 July 2017 at 12:28

    I am manhfacturer of tobacco and my turnover is less tahn 20lakh how efected i am under gst

    ReplyDelete
    Replies
    1. young minds consultancy3 July 2017 at 00:27

      You are not required to get registered as Turnover is less than 20 lakhs ( subject to you are not selling to other state)

      Delete
  3. Unknown20 July 2017 at 19:53

    I am a registered trader of tobacco leaves.I want to know that when I purchase tobacco leaves from farmer and when I sell that leaf to a registered buyer,how much tax I will be charged under GST in both cases ?And how reverse charge will be applicable in our mode of business?

    ReplyDelete
    Replies
    1. young minds consultancy22 July 2017 at 19:53

      In case of reverse charge you have to pay the tax when you received the goods and take the credit of same in the month you received it
      Which can be utilize for the payment of outward tax liability.

      Delete
  4. Unknown24 July 2017 at 16:34

    Mr.Kumar gourav
    Thank you for replied sir. you are not mention the tax rate which I have to be paid in purchase and received from the sell on tobacco leaves?

    ReplyDelete
    Replies
    1. young minds consultancy24 July 2017 at 23:59

      HSN code is 2401
      Gst rate is 5%
      Product tobacco leaves

      Delete