Gst rate on sale and purchase are same if a person is into trading business..
Gst rate on sale and purchase are different if a person is into manufacturing business..In manufacturing business goods are procured at different rate and the resultant product may be at a different rate..
For example book publishing firm procures paper for publishing book at 5% gst but the resultant published books and periodicals are exempt in gst.
Written on Aug. 1, 2019, 4:35 p.m.