I have local vat paid stock @12.5% 400000 and @5% value of 100000. at present I have utilized all the vat input credit. now in gst calculate my available input credit after 1 July .
Impact of GST on hospital and medical store
i want to know the impact of gst on hospitals and medical stores
Dear Sir,
We procure raw milk from various sources and sells pasteurised milk,dahi & lassi in package under registered brand name.Under Vat regime it was taxfree.But in GST it is not clear whether it will be taxfree or taxble under 5%.
Kindly help us in solving this situation.
Thanking you in advance.
With Regards,
Sec 31 (3) of CGST Act says, we can issue a revised invoice for the period from application of registration and grant of registration. But what about ITC for that period?
Are we eligible for ITC?
What is the rate of gst on freight paid
is there any abatement available
Kindly help me
my vendor sells stamp paper.on sale he can take some extra money. moreover he got commission from govt as well as co on sale of it. is he liable to take reg in gst?? and what type of tax is applicable??
if a trader has a stock of items as on 01.07.17
which he has received as per following
value of item= 10000
excise@2%= 200
Vat@5%=510
total value= 10710
How much input he can avail if the rate of gst on item is 12 %.
Kindly help me ...
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
calculate the total input available in gst