top button
Flag Notify
    Connect to us
      Facebook Login
      Site Registration Why to Join

Facebook Login
Site Registration

My manufacturing facility receives a state tax exemption. Will I still receive this exemption after GST is implemented?

+1 vote
10 views
My manufacturing facility receives a state tax exemption. Will I still receive this exemption after GST is implemented?
posted Nov 14, 2017 by Sumeet Vyas
Share this question
Facebook Share Button Twitter Share Button Google+ Share Button LinkedIn Share Button Multiple Social Share Button

1 Answer

0 votes

It depends. Firstly, even if you do, it will now be as a credit. You will first have to pay GST, then get a credit from the state. This will impact your cash flow. Secondly, the state’s ability to continue offering exemptions will depend on how much revenue they are generating from your industry. GST is a consumption tax based on where goods are supplied to customers, not where they originate. So if most of your customers are located in other states, the state where your facility is located may not generate enough revenue to continue offering you an exemption.

answer Nov 15, 2017 by Divya Shree

Your answer

Preview

Privacy: Your email address will only be used for sending these notifications.
Anti-spam verification:
To avoid this verification in future, please log in or register.
Contact Us
+91 9880187415
sales@queryhome.net
support@queryhome.net
#280, 3rd floor, 5th Main
6th Sector, HSR Layout
Bangalore-560102
Karnataka INDIA.
QUERY HOME
...