A person is having VAT credit of rs.8 lakh.he is engaged in trading business.
Also he provides service by way of renting of immovable property but not registered under service tax till date due to value of taxable service not exceeding 9 lakh each year.
Whether he can get such credit utilized in gst. What is the procedure?
If yes where he can utilize as per his both business.?
Reply asap
Back ground We are distributor of product and having engaged various persons to sell the product from there premises on commission basis by providing the distributor bill. Query. Post GST whether I will be able to continue the same fashion of working. Pl advice
Sir,
My client is proprietor I have created private limited company and applied for PAN.Same has been received now.I want to convert his proprietory business in to private Limited on 1st July 2017 by transfering all asets and liabilities and stock.Let me know what will happen.Whethere I should apply for GST No.in the name of proprietor or in the name of private limited after 1st July.
Thanks
Dilip
I am Jubin Harshad Khona. I have a small medicine shop name ' KHONA MEDICAL STORES". Its proprietorship concern. I have only one PAN card which I have filled in my GST migration form. I have checked and matched exactly Name & PAN number with Income tax e-filing portal profile. Still after submitting the form online, I received email that there is issue of PAN mismatch.
Kindly Help and Guide to resolve the issue as 15/06/2017 is last date as per email sent by them.
Jubin Khona
I got provisional I'd and password from service tax,I am unable to migrate to get earlier,it is showing error as your RC under is cancelled therefore, your provisional ID stands cancelled hence you are not permitted to migrate under GST.what is the solution for this.
We have paid our supplier an advance of Rs.5,00,000/- on 05/06/2017. Suppose if GST is in force from 01 july, what effect would it have on this advance ?
We have forget our create user id & password. What do i do for received user id & password.
we don't know about used email id & mobile no at the time of create used id & password.
please give me any solution for this query
Thanks & Regards.
Vineet Sharma
8979419399
Hi Expert,
I am started new business from this month, may be turnover will cross 20 lakh, i am not registered in VAT, Excise, customs service tax, etc.
i am try to registered in GST thought site www.gst.gov.in, but asking provisional ID(as provided by Tax Authority), so where i can get this ID, or how to get registered under GST for New Business.
Kindly suggest for the same.
Thanks
Dear all, can any one pls advice what is the impact of GST on exporter and what are the replacement of H form and C form under GST pls reply soon Thanks in advance Rakesh srivastav
Dear All
Please clarify whether INPUT TAX CREDIT can be claimed in the following situation.
A trust which operates an educational Institution having more than 1000 students and fees for an year comes around 6 crores. They are having exception as no GST for education sector. The same trust is having input tax for various things they are buying and for services they are getting. What is the rule for input tax credit for the same? I want to know whether such input tax never be claimed?
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Utilization of credit