What happens if a composite taxpayer purchases from an unregistered dealer ??
Answer nowKIND ATTN. SIR
THE ASSESSEE BEING A GARMENT MANUFACTURER YET TO BE REGISTERED UNDER TNVAT ACT , SINCE IN THE GST TRANSITION PERIOD, PURCHASED SEWING MACHINES DURING JUNE,2017 ( CAPITAL GOODS) WITH VAT INPUT TAX@5%, WITHOUT TIN .
KINDLY CLARIFY WHETHER INPUT TAX ON CAPITAL GOODS ON MACHINERY PURCHASED CAN BE CARRIED FORWARDED TO GST AS INPUT TAX CREDIT.
WITH REGARDS
CA.P.SHANGAR FCA
I am a trader dealing in exempted goods like paddy and wheat. Wheather the provision of e-way bill would also be applicable on me??
Answer nowif an assessee has given his residential property for commercial use on rent,what will be the impact of gst on that assessee? what will be the answer if assessee has given commercial property for commercial use on rent?
Answer nowWhat is tax implications if composition dealer purchase from URD since sec 9(4) which is for RCM for purchase from urd is not applicable to composite dealer
Answer nowDear Sir,
Please tell me GST rate on services provided by RWA to its own members above Rs. 5000/- pm.
please do the needful.
dear sir/madam, More of the small retail business are have exempted goods like Rice, ayta and other food items, then how they can opt for composition?
Answer nowAs per provisio to 140(3) of the transitional provisions, only a trader is eligible to opt for this scheme.
In case of a 2 wheeler dealer say Honda motor vehicle dealer, he is also a service provider as he does servicing of vehicles. Can he opt for the scheme as he doesnt have excise invoice for spares, and claim full credit in case of vehicles where he has excise invoices.
As per provisio to 140(3) a trader can claim the credit at the rate of 40%/60% of the CGST paid on the stock lying on the appointed day subject to that it was not unconditionally exempt under Excise.
A trader who deals in various goods of which few were exempt under excise and few were taxable.
Now can the trader opt for the 40%/60% scheme in respect of goods which were not exempt under excise or does the rule means all the goods which the trader deals should satisfy the condition of not being unconditionally exempt.
is it necessary to write hsn code on sale bill provided by restauraunt to his customer
Answer now
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