Hello Sir / Madam,
In the recent meeting of GST Council, a point has been mentioned that “State-run lotteries will be taxed at 12% of the face value of lottery tickets”.
Till now, in Maharashtra, lotteries had single point tax system where Lottery Tax was paid by 1st seller in the state. There was no VAT or Service Tax. Only Lottery Tax was applicable which was paid by the first seller. Rest of the chain (Dealers, Agents, Sub-agents etc.) were not required to pay any Lottery Tax and were also not required to get registered under VAT and Service Tax.
My query is that what will be the position of rest of the chain under GST? Are they required to get registered under GST? Is there going to be single point tax system in GST also, or even these dealers are required to pay GST?
dear sir/madam, if dealer is a Jobworker( flex, Sticker) and he has both supply of goods and supply of services, can he opt for composition?
Answer nowI am a trader in Bihar, I purchased a material from West Bengal for ₹ 1,00,000/- + paid IGST @ 18%=18,000/-,+ I paid freight for transporting 5000/- . No Now the total cost of this material is ₹ 1,23,000/- . Now I am resaling this material in Bihar for ₹ 1,30,000/- . Now I want to know that how much rupee I will charge as Taxes in my Tax Invoice?
Answer nowSir,
Presently we are payment a total customs duty of 5.15% under 51/96-2 with DSIR registration certificate, valid up to 31-Mar-2021.
1) Kindly clarify whether GST / CGST is applicable on Highsea sale under 51/96-2.
2) Kindly clarify whether GST / CGST is applicable on direct import under 51/96-2.
Hi
Our Transport client has registered office in Ludhiana, Services tax number is from Ludhiana. They send material to Pune on To be billed at Pune badis but pay services tax at Ludhiana.
Now we need to take new GST number at Pune but no previous Service tax number in Pune. So how to apply for GST . Can we register wef 1/7/17 as new. New registration is not yet started.
My business location: Palghar, Maharashtra.
Nature of business: Merchant Exporter - buying from Mumbai and Exporting to UAE.
No Bill issued yet, a new Business.
No VAT Registration yet.
My query: Shall I apply for GST? Has enrollment started for new business in GST?
Thanks in advance
if any existing supplier registered under vat/service tax is having aggregate t.o. of less than Rs. 20 lakh. whether still the supplier need to migrate to gst??
Answer nowwe r a manufacturer of medicine in uttranchal in excise free zone..however we r having stock of around 6 crs.on which we have paid excise duty on purchases made by us.
can we claim a cenvat of such purchases in cgst.
and also we have sum purchases directly from traders..cn we claim 40% scheme for such?
If service received before appointed date of GST but payment will be made after appointed date of GST. Will GST leviable on such transaction?
Answer now
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Query regarding gst on lottery