He will get full setoff of GST.
GST setoff
We are aerosol manufacturing company. we are asked to charge 28% gst as thats the category it falls into. my question is if i charge x amount + 28% igst and if my dealer have gst no then will he receiving full 28 % after he resell that product to retailer who may or may not have gst no. or some amount willb e deducted.
Asked 7 years ago in GST
yes he (dealer) will get the ITC of amount that he paid as IGST. it does not matter that his retails have register under GST or NOT.
Hi,
Yes, the buyer will receive full credit of 28% GST levied by you.
Trust this clarifies.
Regards,
Keerthiga Padmanabhan
M.Com., CA, LLB
Hi,
Input Credit is available to the Purchaser, if he is registered. It doesn't matter to whom he resells. If the dealer to whom you sell the product is registered for GST, then he can claim full Input Credit for the 28% IGST.
Hello,
I did not understand your query.
Trust this clarifies your query.
Feel free to call / get back in case of further clarifications.
Thanking You.
Regards,
Rohit R Sharma
BCOM, ACA, LLB-GEN, CERT. FAFP
Ask a Chartered Accountant
Get tax answers from top-rated CAs in 1 hour. It's quick, easy, and anonymous!
Ask a CA