GST rate Differential handling and Input credit

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GST rate Differential handling and Input credit 2017-07-02T16:01:39+00:00

GST India Forum – Goods and Services Tax (GST) in India Forums Discussion GST rate Differential handling and Input credit

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  • Udhav VaidUdhav Vaid
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    #2364 |

    Dear All,

    I have a GST input credit question i would like to clear :-

    Company B buys raw material (Alloy steel blooms) from SAIL at 18% GST rate due to HSN code used for clearing material. But company B sells the material to company C at 5% GST rate due to HSN code being used to clear material. What will happen to the differential in the rate% when input credit is being requested? What credit shall be given to Company B? Company C clears the material at 5% as well. 

    Also, if supposing Company C is exempt from taxes being a government company as well as using the material for self consumption, then what will happen to Input credit of Company B when they apply for the same?

    Warm Regards.

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