Client busy in trading of bed sheets. As per tariff, if item is valued under ₹ 1000 then duty rate will be 5% and if value more than ₹ 1000 then rate of duty is 12%.
Now issue is he is selling goods in dozens, sets, boxes, pairs, units etc which valued more ₹ 1000 per dozens, sets, boxes etc.
Now please suggest at which rate of duty he should cleared the bedsheets.
GST on Bed Sheets: Apply 5% Rate Based on Individual Item Price, Not Bulk Unit Price A client trading in bed sheets seeks advice on the applicable Goods and Services Tax (GST) rate, given that the tariff specifies a 5% rate for items valued under 1000 and 12% for those over 1000. The client sells bed sheets in various units such as dozens and sets, with individual sheets costing less than 1000. The discussion clarifies that the GST should be calculated based on the individual item price, not the bulk unit price, thus attracting a 5% GST rate. Selling in different units is merely a method of supply and does not alter the product's price. (AI Summary)
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