Concessional Rate of GST
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As per notification issued by Govt. Of India, Ministry of Finance, Vide Notification No.45/2017- Central tax (rate) dated-14.11.2017. (Chhattisgarh SGST: Notification/Rate of Tax on Goods /No.45/F-10-92/2017/CT/5 (167) dated-14.11.17, Integrated GST: Notification/IGST Rate/47/2017, dated-14.11.2017, Union Territory GST: Notification/ Union Territtory Tax (rate), 45/2017- dated-14.11.17) for GST at concessional rate of5% in purchase of goods mentioned in notification for research purpose only. As per this notification we have to to bill to these institutes @5% GST instead of GST@12% or GST@18%. But our parent companies are billing us at 12 or 18% GST then how we would get the difference amount of GST? Secondly what all documents are required to claim the difference amount GST? Looking forward for your humble and immediate response.
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This topic was modified 6 years, 10 months ago by
Adv Vivek Saraswat (GST Expert).
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This topic was modified 6 years, 10 months ago by
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