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Gst

ABHILASHA CHATURVEDI (Student) (139 Points)

14 January 2017

Please Clarify The Following Issues: 1.Whether Service Tax on Debit card Charges/ SMS charges etc charged by bank will be allowed as Input Tax Credit to the customer if they use it for the business purpose? 2.Can a service provider claim input tax credit for the GST paid by him on purchase of Laptop to be used for business purpose ?

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ABHILASHA CHATURVEDI (Student) (139 Points)
Replied 14 January 2017

please also clarify,

Aggregate Turnover shall include all taxable supply, exempt supplies, export of goods and/ or services and inter-state supplies having the same Pan. Now as per Schedule V assessee having inter-state supply will have to be registered under GST. Now the question is, will the assessee pay tax as soon as he gets registered ( even though he is below the threshold limit) or the liability to pay tax will arise only when he crosses the threshold limit.

ABHILASHA CHATURVEDI (Student) (139 Points)
Replied 14 January 2017

Please also Clarify the following issue:

Suppose a person is engaged in construction, during his period of construction he got an offer from an mobile company that they want erect a tower on his construction....

For these they entered into a agreement, which read as,

The said assessee said he he will charge Rs 1 lakh yearly and he needs Rs 10 lakh now(a non refundable deposit)..How will this be treated under GST and what will be the time of supply..