What is impact of Exempted unit in Uttaa Khand
Dear Sir,
We are a manufacturer situated in utarakahand presently we are in Exempted from Excise as well as CST & VAT so don't take Cenvat credit and also don't charge the Excise in Sales Invoice.
But in GST how we will do our transaction whether we will Illegible for present Exemption or we need o pat tax under GST Please provide your valuable reply.
Regards
Swapneswar
Manufacturer Queries GST Impact on Excise, CST, VAT Exemptions; Refund Process Replaces Direct Exemptions A manufacturer in Uttarakhand, currently exempt from Excise, CST, and VAT, inquired about the impact of GST on their transactions and exemptions. One response indicated that most previous exemptions remain under GST, but small-scale exemptions have changed significantly. Another response clarified that under GST, the process involves paying the tax first and then claiming a refund, as exemptions are not available. (AI Summary)
Goods and Services Tax - GST