As ITC of building material is not available then where to post TAX amount. Dr building account 1000 dr cgst 90 sgst 90 cr party 1180 ? then how adjust tax amount as all taxes goes to those accounts
I am an advertising agency. we provide digital web design development services.
1) I have understood we need to provide a HSN / SAC number. However on the GST portal the HSN means goods, and SAC means Services. As we are a services company, I want to confirm that we need to provide the Advertising Agency SAC number which is different from the Advertising Agency HSN number - hence SAC only and not HSN. Is this right?
2) Can someone please confirm : As a services agency - do i need to fill the details as SERVICES OR GOODS, OR BOTH? on the GST portal.
3) Accordingly is it compulsory to mention on the invoice?
dear sir what is the difference between Nil rated items and exempted
Background:
We are into the business of construction & development. It is a general practice in the industry that for large scale projects say 40 storied tower, Occupancy Certificate (OC) is obtained in parts i.e. OC for G+16 flr then for 17-28 flr and so on. Possession is delivered accordingly. The expenses related to maintenance & upkeep of that part of the building which is inhabited by the occupants is divided on per square feet and on that basis monthly maintenance charges are collected from them. Any balance amount left (excess collection) is kept in separate bank account which will be transferred to the society whenever is it formed along with all the records and accounts of the amount collected and applied towards expenses. We are not providing any services directly. There are different agencies/contractors appointed for such services working on AMC basis who are registered as well as URD under GST.
Query:
Is GST applicable on such maintenance collection? Whether we will be treated as 'Pure Agent' as defined under the valuation rules & do not charge GST on such collections?
Hi we get the fabric weaving done through Job work,, the weavers are of small scale with receipt less than 3 lakhs per annum. since they do not come under per view of GST, and textile job work attracts 5% GST. Please guide if it should be under Reverse Charge mechanism or their need not be any GST payment involved thanks Kiran
Hi we get the fabric weaving done through Job work,, the weavers are of small scale with receipt less than 3 lakhs per annum. since they do not come under per view of GST, and textile job work attracts 5% GST. Please guide if it should be under Reverse Charge mechanism or their need not be any GST payment involved thanks Kiran
Sir
i am a doctor & my services are exempted as per gst law, but during gst registration i shows my income source from renting of immovable property only & not from my professional income.
i registered only one service i.e. renting of immovable property service
sir i want to know that should i amend my registration or not ?
and if i have to amend my registration then under which code/head i should select in service column ?
if i am registered under gst in Rajasthan and i purchased goods from Maharastra with registered dealer. freight amount 10000/- paid by me. transporter address mentioned on bilty Delhi. now i want to know that rcm charged on freight as igst or sgst & sgst.
Dear sir,
Currently I hold service tax number . My turnover is below 20 lakhs and hence not required for GST migration. Do I need to cancel my existing service tax number or will the same get cancelled by not migrating to GST.
Please advice.
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GST ON BUILDING MATERIAL