Dear All,

Can you please advise on the tax impact (GST) of sale of leasehold improvements by the lessee to the lesser on termination of lease.

Experts,
In August 2018 Lok Shabha passed Gst amendment Bill regarding following.

1- Uttarakhand state will remove from special and turnover for registration under gst will be 20 lakh
2-Amendment in section 17(5) changes in rent a cab itc available more than 13 pessanger.
Is ths amendment applicable now ??/

To reduce GST rate (from 18% to 12%) on the Works Contract Services (WCS) provided by sub-contractor to the main contractor providing WCS to Central Government, State Government, Union territory, a local authority, a Governmental Authority or a Government Entity, which attract GST of 12%
please provide notification if any.

If A Company provides Construction Services and Company claimed ITC on Purchase of items like Cement, TMT Bar, Glass plywood etc. during construction. Company received advance amount including GST against flat sale booking. My question is, Can Company adjust GST input tax credit against amount received on advance. Please Suggest me with Example

SIR,

AT PRESENT THE SECURITY COMPANIES SUPPLY SECURITY PERSONAL AND RAISE THE INVOICE WITH GST.NOW AFTER LATEST NOTIFICATION, WHETHER WE HAVE TO PAID THE RCM ON SECURITY SERVICE OR THEY WILL ISSUE THE GST INVOICE AS USUAL.

A dealership of a Construction Equipment Company creating event of launching new machine & claiming 50% of the expense from Construction Equipment Company

Let us take a example, Dealership organising event in a banquet , Rs.200000 + GST @5% Rs.10000 charged by party for the same ( for Fooding & other arrangements for event ) & dealership will claim Rs.100000 + GST@18% from Construction Equipment Company by Tax Invoice.

My question will dealership have right to avail the input of the same GST charged of Rs.10000/- , as per blocked credit rule Input will allowed but Input allowed if Inward supply of these is used for making an outward supply of same category or as an element of a taxable composite or mixed supply.

M/S RAINBOW LTD is registered in West Bengal. M/S RAINBOW LTD purchase materials from Orissa Party (M/S S ENTERPRISE) whose materials are lying in Vizag Port (AP). M/S RAINBOW LTD does not want to transport the materials to Kolkata from Vizag. M/S RAINBOW LTD advice to his seller (Orissa party i.e. M/S S ENTERPRISE) to send the materials directly to M/S RAINBOW’s Client (M/s SHIVSHAKTI LTD) who is in Karnataka.
Please guide us 1. Who is making E way Bill (M/s Rainbow Ltd, M/s S ENTERPRISE or M/s SHIVSHAKTI LTD)
2. How to fill up E way bill?
3. Which distance should put in E way bill?

Sir / Madam,

We are going to sell our company car which we have used 6 years for our office on which we have claimed depreciation till date in our books of account and as per IT act.

Date of Purchase was 18/09/2012

Purchase cost was Rs.1121830/-

WDV as on sale date is Rs.284933/- as per Companies Act 2013

WDV as per IT Act is Rs.112183/-

Sale Consideration is Rs.100000/-

Hence margin of supply is 100000-112183= (-)12183

Since margin of supply is negative, there will be no GST liability (i.e we can raise invoice for Rs.100000/- without GST)

Regarding this sale, we discuss with one consultant he told as the capital purchase has taken place in VAT era hence there would not be a GST sale. Whether his quote is right or wrong?

Kindly advise us whether our understanding is correct or not?

Thanks in advance,

with regards,
Bazeer L

Being a part of the Private limited Company can we be able to take benefit as in case of Body Corporate Business entity?

If a registered person under GST paid RCM @5% at Consignment Note of Goods Transporter Agency, Will input allowed of RCM paid on the same.
further I want to ask If a transporter charge GST @5% on his bill, will input of the said GST will be allowed or not.

What will be your reply on above two cases if GST Rate taken at @12%.