my Question i Purchase the goods from IGST. the tax amount of goods i taken as input IGST After my selling the goods the output tax amount will be calculated or not.
For Example :
Purchase Taxable value : 1,00,000
IGST @ 28% : 28000
Net : 1,28,000
if i sales in with in State Taxable value : 2,00,000
CGST @ 14% : 28,000
SGST @ 14% : 28,000
Net : 2 56,000
if i will club the tax amount
input IGST (28000)
Output SGST 28000
Output CGST 28000
Net Tax Paid 28000
Please clear my quary.
dear sir/ madam, if regular dealer purchase goods from composition dealers it will reflect in FORM GSTR2? Or regular dealer should enter composition purchases him self?
Answer nowHi
I am earning 8 lac per annum from commercial rent out with no other income. Do i have to pay GST, if so what %. Thanks
Dear Sir
how to cancel GST registration
registration under GST is mandatory for sale of service or goods on intersate for Exempted Goods or services or Nil rated services or goods.
What are the procedures for registration under GST composition scheme and what are benefit and/or disadvantages of composition scheme.
please specify rate for Hotel selling tea and coffee under composition scheme and normal scheme
sir my client has T.O less than 20 lacs he is unnecessarily migrated into GST Whether any option available for cancellation migration plz tell me procedure
Answer nowAs we are getting our ready made garments after processing from our Tirupur factory. This processing is done by outsourcing and they are charging GST on their labour bill.
As we regularly deducting TDS from them. Please give clarification whether we have to deduct TDS from the amount including GST value or the amount before GST
Please advise
Invoice has to be issued in case of "Purchase from unregistered dealer" only ? or in all cases of RCM ?
Answer nowDear Sir,
Is every purchase of goods and services will be covered under GST :-
1. newspaper vendor who supplies newspaper to offices will be considered as "unregistered dealer"
2. auto driver services used for for bringing diesel for DG set will be treated as "unregistered dealer"
Looking for your valuable opinion.
Regards - Atul Gaur
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Igst amount adjusted