If faced with a situation of excess reverse charge paid month after month at 18%, and output tax liability much lesser at 5% month after month, what happens to the RC paid to the registered dealer's credit that is unutilised?
RC can be used for ITC...that us known.
BUT IS RC EQUAL TO AND SAME AS ITC?
In other words, will a registered dealer get refund of excess RC paid under duty inversion?
If YES, then why should a registered dealer be made to pay reverse charge month after month on cash basis? Why not adjust it against RC generated the next month...

Hello, one of d client is receiving rental income from immovable property of RS 1.5lac pm in d HUF A/c. Earlier I use to pay service tax @15% as d total income exceed 10lac. But as of now it's not exceeding 20lac so do I have to raise d invoice including GST. n is it necessary for me to migrate in GST.
pls do help in dis situation as it's a HUF a/c n that's d sole income in HUF.

our client was registered in UPVAT but now he have migrated in GST and also i want to go in Composition Scheme but problem in closing stock because his remaining trade closing stock as on 30.06.2017 near about 15 lacs so tell me how to sale closing stock....??? in new scheme in composition rate as per law 1% for trader or any option ???

second point is this before his trade business was Input/Output based under UP vat Act.

Last financial year 2016-17 his turn over was small so can he apply in Compounding scheme in GST Law or scheme will be applicable to next financial 2018-19

If dealer makes inter state purchases and intra state sale, can he opt for composition scheme?

CAN A COMPOSITE DEALER MAKE AN INTER-STATE "PURCHASE"

1.i m service provider and i have taken GSTIN but my turnover is below 20 lakh then i have to filed return under the act? 2. can a dealer sell goods under composition scheme to another town? and they need any e way bill for that?

Sir, It is possible for a registered dealer to make interstate supply to customer(Interstate B2C Supply)???

Dear all, Please help me to get information about Commissionerate code, division Code & Range code for unrolling into GST

Dear Expert

I am working a pvt company ,my company items rate not understand.
so plz sir help me . as per below details

ITEM HSN CODE AS PER PREVIOUS EXCISE RATE
BLOWER 84145930 ?
HEAT EXCHANGER 84195030 ?
PADDY DRIER 84193100 ?
CYCLONE 84811000 ?
ROTARY AIR LOCK 84813000 ?
SPARE OF BLOWER 84149040 ?

What is GST RATE FOR IMITATION JEWELRY