What is the GST rate for Footwear?

GST Rate for Footwears. As per the Legal Metrology (Packaged Commodities) Rules, 2011, retail sale price [RSP] means the maximum price at which the commodity in packaged form may be sold to the consumer and is inclusive of all taxes. Thus, retail sale price declared on the package is inclusive of GST. GST for footwear will be 5% if the RSP does not exceed Rs.…

GST – CONCEPT & STATUS

Introduction of GST   The introduction of Goods and Services Tax (GST) would be a very significant step in the field of indirect tax reforms in India. By amalgamating a large number of Central and State taxes into a single tax, it would mitigate cascading or double taxation in a major way and pave the way for a common national market. From the consumer point…