As declared by the FM,threshold limit in GST is Rs.20 Lakh.(10 Lakh for Northeastern and Hill states) My query is :
1.This limit is applicable to small Traders.
2..Whether professionals like Doctors,Architects,CAs etc. are liable to pay service tax,if the gross receipts from their profession is below Rs.20 Lakh?
3.Please clarify me the exemption limit of Service Tax for Professionals under new GST law.
Thanks & Regards
Hello my friends,
What about C form and other form in GST network.Will it required in GST network?
Govt. has announced 20 Lakhs threshhold Limit for registration in GST regime. My query is that if a small Mfg. Unit with sale of Rs. 10 Lakh per year. he will Purchase Raw Material minimum of Rs 7 Lakh for sale of 10 Lakh, If GST rate is 20% then He will pay Rs. 1.4 Lakh as GST on Purchases of Rs. 7 Lakh. If the Mfg. Unit not Regd. under GST then his cost will Increase and he will face problem in selling his goods at higher rate to Regd. dealer becouse ITC will not be Available to Regd. dealer. I wanted to Know that small Mfg. unit should Register in GST regime to reduce his cost ?
Yesterday Finance Minister announced that Threshhold Limit will be Rs. 20 Lakhs. My query is that if a Mfg. unit whose Sales in a year Rs. 10 Lakhs and if his Unit is not Regd. in GST, how he will Sell his Goods to Supplier (Regd. Dealer) Becouse there will be no ITC available to Supplier and Supplier will not Purchased goods from Un Regd. Dealer due to non Availability of ITC. Now I wanted to Know that if a Mfg. unit with sale below Rs. 20 Lakhs should be Regd. under GST for availability of ITC or not ?
dear experts I would like to know that what is the need for introduction of GST in India. And also I want know that how the consumer will benefit from the GST. Please explain in a detailed manner best regards ChandrSekhar pujari
Dear Sir,
Please give me clarification about whether tax consultant can appear before GST tax authorities on behalf of assessee.
For this query any notification if available please give me details.
Thanking you Sir,
With Regards,
PRASHANT
Wat is meaning of crediting the amount in electronic ledger in case of input tax credit?
Good Morning Experts..
Is there any Scope for Company secretaries in GST Law???
Because as per my knowledge all power related to given to CA and COST ACCOUNTANT ONLY??
WHAT ROLL WILL BE PLAYED BY A TAX CONSULTANT AND A COMPANY SECRETARY IN GST.DO CS HAVE ANY SPECIAL PREVELAGE THAN A TAX CONSULATNT, LIKE CA AND CMA CAN DO AUDIT.
Exemption limit for professionals in gst