Dear Sir/Madam,

Is GST applicable between two small traders, both having turnover of Rs.2 lakh per annum?

What happens if a composite taxpayer purchases from an unregistered dealer ??

KIND ATTN. SIR

THE ASSESSEE BEING A GARMENT MANUFACTURER YET TO BE REGISTERED UNDER TNVAT ACT , SINCE IN THE GST TRANSITION PERIOD, PURCHASED SEWING MACHINES DURING JUNE,2017 ( CAPITAL GOODS) WITH VAT INPUT TAX@5%, WITHOUT TIN .
KINDLY CLARIFY WHETHER INPUT TAX ON CAPITAL GOODS ON MACHINERY PURCHASED CAN BE CARRIED FORWARDED TO GST AS INPUT TAX CREDIT.
WITH REGARDS
CA.P.SHANGAR FCA

one gst number for all the branches it was located in same city.how can we transfer the goods from central ware house to our chain stores.before we use to give stock transfer note .now in the gst what should we issue

I am a trader dealing in exempted goods like paddy and wheat. Wheather the provision of e-way bill would also be applicable on me??

if an assessee has given his residential property for commercial use on rent,what will be the impact of gst on that assessee? what will be the answer if assessee has given commercial property for commercial use on rent?

Dear sir,

We are the manufacture of Control and Relay Panel under Chapter No 85371000 For Control and Relay panel, & 85364900 for Relays 85361010 for Spares Kindly confirm the GST Tax rates for the same..

Regards,
Ravi

Dear Sir,

We purchased material on 15.06.2017 from out of state, on which CST Tax collected by the supplier. Shall we eligible to claim this CST tax under GST

Suppose 5% GST rate is applicable on the goods we sell. Now we have taken rs 105 as 50% advance(100+5 for GST) from customer.& Sales value is 200.

Option 1:

Upon receiving advance payment:-

Bank a/c dr 105

to GST pay. on adv 5
to Customer 100

GST pay. on adv dr 5
to Bank a/c 5


At the time of making sales:-

Customer dr 205

to Sales 200
to GST payable 5

GST payable dr 5
to Bank 5


Option 2:

Upon receiving advance payment:-

Bank a/c dr 105
to Customer 105

GST paid on adv dr 5
to Bank a/c 5

At the time of making Sales:-

Customer dr 210

to Sales 200
to GST payable 10


GST payable dr 10

to GST paid on adv 5
to Bank a/c 5

Please reply !

What is tax implications if composition dealer purchase from URD since sec 9(4) which is for RCM for purchase from urd is not applicable to composite dealer