a pvt ltd registered in GST doing busines of PVC retial business. want to sale old car buy 3 year ago. what the HSN code and rate of GST on sale of this old car.
WHILE APPLICIATION OF GST REFUND , WE NEED TO MENTION FOB AT TURNOVER OF ZERO RATED AND CIF VALUE AT ADJUSTED TURNOVER . WE HAVING RODTEP SALE (EXEMPETD SALES). MY QUESTION IS SHOULD I ADDED EXEMPTED SALES AT ADJUSTED TURNOVER
Respected Experts,
I would request your detailed clarification on opt in to GST Margin Scheme.
I Observed that, Used Goods Dealers can pay GST only for their Margin and not on the entire Sale Value.
Question: 1
For Eg: If Mr. A ( Used Laptop Dealer) Purchase Used Laptop for Rs. 15,000.00 from Local Market ( by Paying GST) and after minor changes he sold it as Rs. 20,000.00
As per the Margin scheme, can we pay tax for Rs. 5000.00 X 18 %? by not claiming the Input tax credit on purchases?
Question 2
If the dealer, procuring used Laptop without paying GST ( Local market) is he still eligible to pay tax under Marginal Rate?
Kindly also advise any other instructions to follow
In FY 2022-23, I receieved around 33L as income from professionsl services from two vendors, but I have not registered for GST, below are the tax details. Vendor1 paid 13L, I did not provide any invoice, vendor2 paid 20L I provided invoice and it was reverse charge machanism. Both vendors deducted TDS under 194JB. Will I get GST notice, if I get how to proceed please advise.
Update: I have not registed for GST eventhough threshold of 20L reached, only difference is GST is being paid by buyer on reverse charge basis, what are the chances of getting GST notice and how to avoid one.
Hi
Client dealing in rent a cab and taxi services for passengers eligible for input tax credit on car purchase in firm name .We have fully availed input tax credit on car purchase but not able to utilize cess due to on outward supply no cess applicable.So we wanna to claim refund of cess.What is procedure for the same? Under which category we need to apply gst cess refund on gst portal? what are documents required for the same.Kindly guide step by step procedure for cess refund on car purchase in firm name ?
I have take mediclaim and paid premium with gst on it.The company took my gst no and showed in the gst returns.
Can I claim ITC ON MEDICLAIM PREMIUM PAID IN MY PROPRIETORSHIP GST FORM?
PLEASE ADVISE AND CLARIFY?
If one starts an Affiliate Marketing Website on which he is earning Income as Affiliate Marketing commission in US$ and also earning Ad. Revenue ( from running ads on the website ) also in US$ from Google - What all SACs are to be added in his GST Certificate ? Can these SACs just be added online on the GST login and he can start this business OR Are there some other formalities also to be done in the GST dept. or any other dept. to start this new venture ? Presently he is doing only 100% exports of handicrafts as a merchant exporter.
Sir,
A Gst registered dealer 5 precentage tax goods and exempt goods trading transactions.if gst department notice issued details mentioned below.itc reverse on non business transaction and exempt supply sec 17(1)(2) under rule 42, 43.
Dealer taxable and exempt goods separate account transaction and show in gstr3b return.
Question;
Dealer notice received after procedure
whether GST input can be claimed on nil rated supply of goods.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Old Vehicle sold by a pvt ltd