There is an Under construction project going onn...
Builder has entered a sale Agreement of Flat with the customer on 15th June 2017
the agreement Value is (Say) Rs. 2000000
Maharashtra VAT @1% 20000
Service Tax @ 4.5% 90000
total AMount Rs.21,10,000/-
out of this total Agreement Value after Taxes , Builder has Received Rs. 400000 as a part payment from Customer on 16th June 2017
and builder has paid total Tax liability as per agreement for the month of june i.e. Rs. 110000( MVAT & Service TAx)
My question is GST be liable to be paid for the future balance receipts to be received post July 2017 after implementation of GST..???
kindly let me know
Sir, we are merchant exporter of Salt product. Is GST under RCM applicable on transport of Export Goods(salt) in containers from place of removal to CFS or Port or exempt from liability of GST.
Sir/Ma'am,
My company is in Hyderabad and nature of my business is Works Contract. I wants to send materials for my purpose in Maharashtra. It is unregistered in Maharashtra. Is e-way bill required? If Yes, then what is the procedure to generate an e- way bill in case of unregistered dealers??
Awaiting opinions
Where to fill amount of statutory expenses such as Professional Tax, Interest on taxes, late fees in GSTR-3B?
Dear Madam/Sir
if a registered dealer pays office rent to unregistered dealer amounting to Rs.10000/- P.M, in this case, provision of GSTexempt (i.e.18% Gst will not be paid on Rs.10000 per month) for supply received from unregistered dealers for less than rs.5000/- would apply or not.
Please resove this query asap.
My query is
For a Consultant (Individual) who earlier has no liability to register under Service Tax or any other laws . Only filed IT returns .
What date should be shown in gst application as date of commencement of business.
Registration under Voluntary basis selected.
Thank you
If we're paying GST on expenses (Indirect Expenses) such as stationery, diwali gifts etc., which is not related to producing of material.
Can we claim input tax credit while filing up GST returns?
A medicine dealer of odisha wants to take ITC on closing stock as on 1.7.17 .Is he apply it in 7d of tran1 form? The medicine is a mrp goods and tax is collected by the ist point dealer only.The subsequent dealers sell the medicine on mrp price.how the subsequent dealer claim ITC on stock? The ITC so claimed is to be c/f to sgst account.secondly how he claim cgst credit on his stock? Whether he claim only sgst credit or cgst credit be available to them.
Dear Sirs,
Under GST act, what is the treatment of reimbursement of the below expenses for official travel
1. Bus fare and train fare,
2. Hotel accommodation (If per day tariff is below Rs. 1000/- and the Hotel is un registered dealer)
3. Food expenses (If food supplier is un registered dealer, or food bills are not available)
4. Fuel reimbursement for self vehicle used for company purpose.
Should we have to pay GST on RCM basis.
Kindly advice
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Under construction building and gst