Kollipara Sundaraiah online

Sir,
A registered jewellery business dealer notice received from gst department sec 15 rule 28 under declared turnover treatment mentioned below
Dealer purchase of jewellery transaction daily rate at market
Dealer sales of jewellery transaction daily rate at fixed price selling to customer
Question:
Dealer purchase rate at market and sale rate fixed price under declared turnover treatment in gst act.


Pranali Bhandari

ONE TAXPAYER IS ALREADY REGISTERED UNDER GST A/C WITH BUSINESS ACTIVIES : SERVICES PROVIDER (WORKS CONTRACT). BUT HE IS GOING TO BE DOING ANOTHER ACTIVITIES WHICH IS EXPORT (EXPORT OF ANY ITEMS).

PLEASE ADVISE ME THAT IS IT HE REQUIRE TO TAKE NEW GST REGISTRATION WITH SAME PAN NO. ? OR IS THIS FINE TO DO BOTH BUSINESS ACTIVITIES WITH ONE GST REGISTRATION NO..??



Sunil Patnaik

Can I claim fully (One Installment) Input Tax Credit on purchase of Capital Goods where the business is completely involved in supply of taxable goods ?


Suresh S. Tejwani
16 February 2023 at 16:56

GST IN CASE OF TRANSPORTATION

MR . A PROVIDES SERVICE FOR SALE OF PETROL & DIESEL AND HAVE ITS OWN TRUCK FOR TRANSPORTATION OF DIESEL & PETROL.

THE COMPANY FROM WHOM MR. A PURCHASES PETROL, USED TRUCK OF MR . A TO PROVIDE SERVICE OF TRANSPORTATION OF PETROL TO THIRD PARTY AND RAISE INVOICE IN THE NAME OF COMPANY AND REIMBURSED SOME MONEY TO MR . A

SINCE MR. A RECIVED MONEY FROM THE COMPANY , IS HE LIABLE FOR PAYMENT OF GST ?
IF YES UNDER RCM OR FCM ?


Umashankara HB
16 February 2023 at 16:35

ITC on Construction of Immovable property

What is the intension of government or GST council for blocking ITC on construction expenses on immovable property(Building), where in the case of Plant and machinery the ITC can be claimed?


binu sukumaran
15 February 2023 at 20:25

Rent payment to other state

Dear sir,
My friend has rental office on Delhi and it head office on Kerala.
In this case can claim input .Igst or sgst and cgst will come in this case.
Rent amt come around 25,000 per month
Please advise


Venkateshwarlu Pulluri

Dear sir/s, Is Freight paid on outward supplies liable to tax, if sent by engaging a goods vehicle directly to recipients


praveen
15 February 2023 at 16:19

GST Rate on ECUs & Sensors

Hi Team,

Can anyone clarify the GST rate % on sale of Electronic Control Units (ECUs ) and Remote Sensors with GST act extract..


jobin

I would like to get an expert advice from you regarding my doubt about GST computation of a firm providing online tuition services to students, mostly NRI students residing abroad. As parents of these students are working abroad, they transfer tuition fees in Indian Rupees from their NRE A/c. Since the payments are received in Indian Rupees, this cannot be considered as export of services. So I assume that this falls under taxable services liable for GST. My query is whether IGST is applicable and if IGST is applicable how to disclose place of supply in B2C of GSTR1.


Sunil

Dear Experts

I have an existing proprietary firm (offering business consulting) which is below threshold limit of 20Lac & hence out of GST purview.

I am planning to start another proprietary firm for a technology-based business which will be in my name.

1) Will GST Act be applicable due to both firms owned by a single person
2) If both firms turnover crosses Rs 20 Lac but individually their business is below Rs 20 Lac, will GST become applicable
3) Is it advisable to open the 2nd firm in some other person's name so as to completely by-pass any possibility of clubbing of firms under GST.

Thank you in advance !






CCI Pro



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