GST on Furniture Manufacturers in India

welcome today we'll be discussing aboutimpact of GST on furniture manufacturersGST rates play an important role inimpacting a business sector GST onwooden furniture is at 12% plywood istaxable at 28% and steel and ironfurniture is taxable at 28% computationof GST on wooden furniture if Russia isa manufacturer of wooden furniture andhis tax liability on the furniture comesup to twelve percent of rupees 25000that is rupees 3000 he has got an inputtax credit on purchase of plywood at 28%of 10,000 that is rupees 2,800 his netpayable amount is rupees 200 we hope youfound this video useful and alwaysremember taxi madero H&R block is asaloon

H&R Block brings you a video on Impact of GST on furniture manufacturers in India. We will also be telling you that how GST rates play an important role in impacting a business sector, what is the impact of GST on wooden furniture.

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