The Definition of Aggregate Turnover under section 2(6) of the Act provides that all "TAXABLE SUPPLIES" along with exempted and other supplies, except supplies on which tax is to be paid on reverse charge basis, shall be considered for the calculation of the limit of Rs. 20 lakhs.
Does "TAXABLE SUPPLIES" only include Outward supplies, or it may be either outward as well as inward supplies, as the term supply is not defined in the GST law. Also, Taxable supply includes any supply on which tax is chargeable, so does the definition of Aggregate Turnover cover inward supplies also??
I m purchasing milk from doodh sangh and sell to customers.....milk is zero rated supply.....i m purchasing and selling only milk and my turnover is above 1 crore.....shud i file return under gst?......
Answer nowwhat would be the procedure for above in Gst regim 1- can the supply be done as in vat regime 2-any tax liability to supplier or would remain same as vat
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I am unregistered dealer under present law. Can i claim ITC on closing stock? if i opt composition scheme under GST. if yes, what is the rule for claiming ITC.
Answer nowRESPECTED SIR
IF A COMPOSITE DEALAER PURCHASE GOODS FROM UNREGISTARED DEALER, IS HE LIABLE FOR REVERSE CHARGES? PLEASE ADVICE THANKS.....
limit of 20 lakh is applicable for all goods and serivces or any servie is there tht is taxable from Rs. 1 ?
e.g= money transfer, aadhar card centre etc.
I WOULD LIKE TO TAKE...VOLUNTARY....NEW GST NUMBER
I AM IN COMPOSITION SCHEME
I AM...SURE...MY YEARLY TURNOVER..........NOT MORE THAN 10 LAC,,,IN MUMBAI....
I WOULD ...HAVE TO FILE QRTLY...RTN........LIABLITY TO FILE RTN ????
I AM RETAILER...........ALL CASH SALES........TO CONSUMER
ATUL -- 9969069215
LOOK4U@REDIFFMAIL.COM
Dear Experts, If I purchase and things for office use from composition dealer as per rules he will not collect the tax...but I want to know that tax is applicable on me on reverse charges basis as per sec 9 sub sec 4..?
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Dear Sir/Madam,
I would like to know that what what will be the procedures for obtaining VAT/CST forms for material received after 30th June 2017 for which bills raised by our vendors before 1st of July 2017. Please suggest/provide opinion.
Thanks
Arun Jha
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Aggregate turnover under section 2(6)