I AM CLOTH MERCHANT. MY SALE IN LAST YEAR IS 40 LAC AND IN THIS YEAR UP TO TILL DATE TURNOVER IS 18 LAC. NOW I WILL APPLY FOR GST IN VOLETARY PROCESS AND IN COMPOSITION SCHEME. TODAY MY STOCK IS AROUND 12 LAC, IF I CAN APPLY FOR COMPOSITION SCHEME THAN WHAT IS GST RATE WILL BE PAID ON OLD STOCK I.E 5 % OR 1 %.
5
I am selling readymade garments and my annually turover will be less than 20 lakh. So let me suggest for my following query :-
1. Is its necessary to take or registered under GSTIN
2. Can I making purchasing from Interstate (otherstate) without registered in GST.
By mistake i selected wrong ward no. during registration now i came to know that i committed mistake.please provide suitable guidelines.
Answer now
Dear Sir,
I am a civil contractor of PWD. I have following queries -
1. ITC paid on raw material like cement etc , would be eligible adjustment against output tax liability.
2. What is the tax rate on civil construction like road, drainage for govt. departments.
3. Whether any composition scheme available for civil contractors?
Please reply soon.
i am a registered tax payer i have received my GSTIN . As I do not plan to take any input credits, is it ok for me to not upload my purchases made from a registered supplier and restrict myself to record purchases made from only the unregistered suppliers . Subsequently can i declare myself to be a consumer as regards purchases from registered suppliers are concerned??? would it be in the framework of GST LAWS to ask my vendors to to consider my status in B2C rather than B2B to avoid reconciliation Hassles.???
PLEASE ADVICE
Thank You
what is the hsn code of tour operators
Answer nowHi there !
Just 2 simple queries
For renting out commercial premises what is the HSN/SAC Code?
For the same premises maintenance is being charged. Under what HSN/SAC Code is the same required to be charged? - (Previously used to pay ST under Repairs and Maintenance head 00440245)
(Btw - Im assuming that the GST rate is 18% for both?)
kindly tell me sac code for franchiese commission for gst billig
Answer nowDear Sir/Madam,
Earlier as per 25/2012 Notification Service tax exempted, which works contract service to Govt/local govt authorities. Now in GST what is the impact.The service provider supplying RO plant water and doing erection/ AMC, is attracts any GST or Exempted.
Pls clarify
Regards
P.Srinivas
Hello Experts,
Whether GST is applicable on chilled water (not mineral water)?
Thanks.
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Gst on closing stock for cloth merchant