i'm buying from my home state (rajasthan). tax comes cgst 2.5% and sgst 2.5%, when i am selling to out of state (gujrat). which amount % leviable to gst and how many input credit available.
my commodities is cloth.
urgent reply
If the trader have 2 GSTN 1 each in 2 different states under the same PAN then does he have to file 2 returns for each GSTN or only one return.
Finally our Indian Government wants to collect more & more revenue from the public sector. Instead of collecting the revenue through the channel of the GST Government should collect the direct tax out of the realized amount against the sales bill as raised by the assesee. Indian Tax/Revenue Collection System should be simplified as much as possible. Whatever gets credited into bank account during the period from April to March should be 100% taxable. There should be made certain slab to collect tax on total receipt during the whole financial year. Just to file GST Return even a poor man has to pay professional fee to GST consultant. GST Rules have been framed with so many restrictions. For example GST return cant be revised/corrected once it is uploaded.
Pls clarify If a registered person under GST as regular dealer buys services or goods from a composite scheme dealer, wether there will be a RCM on this transaction?
If no please clarify input tax treatment on such transaction.
Thank's
ravi--9988425252
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Gst input credit