SIR,What is the rate of GST on flats & villas?can builders take input of their purchases and services used?can they take input on works contract also?
Answer nowPerson involved in freelance business.
His work is like this..
He gets work from foreign and he again sells work to indian freelancers.
The payment he receives convertible exchange and he transfers the same to indian freelancers at agreed rate.
Turnover FY 15-16 =1600000
. FY 16-17=4400000
. FY 17-18=4500000 ESTIMATIN
and his gross income is below 1000000 or so.
Now my question , the business he is doing comes under export services? And liable for service tax registration previously?
if not, his position is like agent or intermediary?
If he is intermediary is he liable for service tax previously or now GST ! below limit !!( his revenue is below 1000000 or 2000000under gst )
He didn't get any registration till now.
He is doing the bus. Under the trade name WEHIRE CONSULTANCIES (not registered) in individual status.
Please elaborate on this and help me in this regard.
Thank you
DEAR SIR/MADAM
HOW CAN WE RESET MOBILE NO. & EMAIL ID IN GST PORTAL, IF WE HAVE ONLY GSTIN NO.
MOBILE NO. & EMAIL ID IS OTHER PERSON WHICH IS MENTIONED IN GST REGISTRATION. OTP HAS BEEN GONE TO OLD MOBILE NO.
WHAT IS SOLUTION FOR THE SAME.
PLEASE REPLY THE SAME.
I SHALL B EVERY THANKFUL TO YOU FOR THE SAME.
We have purchased a capital good to be used for effecting Taxable supplies. Suppose Its value is 10000/- and GST @18% (Rs 1800) paid, Total Invoice Value is Rs 11800/-. Now can we claim ITC of Rs 1800/-. What will be treatment of Depreciation. Whether Depreciation & ITC both can be availed. Requesting to clarify with figures.
Answer nowSIR I HAVE GET A FRESH NEW REGISTRATION IN GST ON 27 JULY 2017 AS COMPOSITION DEALER
I HAVE PURCHASE GOODS OF RS. 9 LAKH TILL NOW
AND
SELL GOODS OF RS.4 LAKH
(DURING COMPOSITION SCHEME)
NOW I HAVE STOCK OF RS, 5 LAKH
THIS STOCK IS GST TAXPAID AND PURCHASED FROM REGISTERD DEALER
NOW I WANT WITHDRAW COMPOSITION SCHEME
SO QUETION ARISE THAT
CAN I AVAIL ITC OF RS. 5 LAKH STOCK
IF YES
WHICH FORM SHOULD I FILL FOR IT
A company is providing exempted service of healthcare. They appoint franchisee who collect the proceeds of test and deposit total amount with the company. Company pays its franchisee a fixed amount on sales proceeds for there expenses and there share in sales proceeds. Company also charges yearly fees from franchisee.
1. Whether GST will be applicable on franchise fees received by company yearly or it will be exempt as our main service of pathology lab is exempt?
2. Whether franchisee will charge GST on amount paid to them or it will be exempt as our main service is exempt?
RESPECTED SIR,
A CA FIRM CONDUCTED THE CONCURRENT AUDIT OF NATIONALIZED BANK . THE AMOUNT OF AUDIT FEES IS RS. 15000 P.M AND REIMBURSEMENT OF EXPENSES IS RS 3000.00 P.M
ON WHICH AMOUNT GST WILL BE CHARGED IN TAX INVOICE BY THE C.A FIRM IN THE TAX INVOICE?
WITH REGARDS
PLEASE GUIDE ME
we have paid motor car vehicle insurance.
can we get credit on four wheeler car insurance charges
Is gst applicable on electricity bill ? What is the rate ?
Answer now
IF REGISTER DEALER PURCHASE GOOD FROM REGISTERED SUPPLIERS AND INVOICE GENERATED AND AFTER SUPPLIERS ISSUE DIFFERENT CREDIT NOT FOR EXTRA DISCOUNT ON ACHIVE TARGET SCHEME AND MONTHLY SALE SCHEME.
SO GOOD RECEIVER WHAT TO DO FOR ITC.
EXAMPLE
BILL NO. 01
TAXABLE VALUE IS 10000
CGST 1400
SGST 1400
TOTAL 12800 RS
SO ITC RS 2800
AFTER SUPPILERS ISSUE CREDIT NOT ON ABOVE INVOICE RS 600 EXCLUDING SGST+CGST =168(84+84)
AND MONTHLY TARGET DISCOUNT CREDIT NOT ON ABOVE INVOICE RS 100 EXCLUDING SGST+CGST =28(14+14)
ABOVE BOTH CREDIT NOT ISSUE IN DIFFERENT VOUCHER.
SO RECEIVER WHAT TO DO FOR ITC AND HOW MUCH ITC WOULD BE CLAIMED.
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Gst on construction of buildings and residential complex