can any one tell me applicability of Gst in final exams?? is there applicable in may-18
Why GSTN Incorporated under section 25 of Companies Act, 1956?
Dear Experts
Why should Mr. X opt for Composition Scheme?
1. He gets no input credit. So it gets added into the cost which makes his product expensive.
2. His customer does not get any input credit of the goods bought from Mr. X. So buyers will prefer the ones from whom they can get credit. Mr. X looses customers.
3. X cant collect tax from customers. So he pays out of his pocket. Why the hell will someone like to do that?
4. Also the limit of rs. 50 lakh is based on aggregate turnover and not taxable turnover.
How thoughtful is this?
Am I missing anything?
regards
shivani
Dear Experts
Why should Mr. X opt for Composition Scheme?
1. He gets no input credit. So it gets added into the cost which makes his product expensive.
2. His customer does not get any input credit of the goods bought from Mr. X. So buyers will prefer the ones from whom they can get credit. Mr. X looses customers.
3. X cant collect tax from customers. So he pays out of his pocket. Why the hell will someone like to do that?
4. Also they are considering aggregate turnover and not taxable turnover.
What common sense is that?
Is there anything I am missing.
What is a single thing which makes anyone opt for this ill thought scheme.
regards
shivani
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I have multiple offices in one State. Do I need to get one GST registration since all offices are in one State or shall I go for multiple GST registrations based on no. of offices in the State. If I shall do multiple GST registrations then is it mandatory to have multiple GST registrations or it is my choice to go for one or multiple. I want to highlight again that my all offices are in one State.
If a proprietor is non existing tax payer and his turnover exceeds 20 lakhs , is it compulsory for gst registration , if yes then how he will get provisional id and password.
respected sir,
i have 180 clints to migrate from vat to gst. they are located mostly in rural areas. can i get authorisation from my clints and upload details of all of my clints using my personal dsc . it saves me so much of time for me. getting dsc is become a difficult process in many small towns and villages. please discuss.
respected sir ,
tax consultants and auditors are facing somany difficulties in the process of gst migration especially in regestering dsc with gst website etc . in small towns and rural areas dsc fecilitation centres are not available . poor internet connectivity and power cuts are causing difficulties .
i like to know that ,is there any problem( inrespecte liablities of taxes or thers ),if a consultantant submitts details on his own dsc , after taking proper authorisation from dealer .
please discuss
I am registered under composite scheme of VAT(West Bengal) . I don't have any login I'd or password to login at wbcom web site how can I convert to scheme of GST or can have provisional registration
Best book on gst till date