Sir/Madam,
We are a pvt. Ltd Co. We have taken cars on lease from Daimler Financial Services. Our directors use it for conveyance purposes form home to office & vice-versa.
Daimler Financial Services paid applicable gst. Will we get the input credit of GST paid by the lessor?
Kindly explain me the applicable effect.

If i have exicse invoice before 1st july 2016, can I claim ITC? what is better option to take credit of ITC, because tax are effecting on our MRP?

I have query on Registration assessee is engaged in the the business of beer bar, if he made separate billing of beer and other foods products the billing of beer would be approx. 40.00 Lacs and for other foods products about 15.00 lacs.
Now my question is he required to take registration in GST because the Liquor is non taxable under GST and the turnover supply of other goods is less than 20.00 Lacs.

Dear Experts.,

Have A doubt, Please clarify....

I (my client) create Invoice before GST.

Assesable Value if : Rs. 1,00,000
Packing & Forward: Rs. 1,000 = (1,01,000 X 12.5%)
Ex Duty @ 12.5% : Rs. 12,625 = (1,13,625 X 5%)
State VAT @ 5% : Rs. 5,681 = 1,19,306/-

My Query is,
How to handle above Ass.Value and Packing Forwarding Charges on GST....?
Which value can I calculate GST Rs. 1,01,000 or Rs. 1,00,000...?

Hi,

Reverse charge is applicable if registered person procures any supply from unregistered persons. What will be the rate of GST in that case?

Eg If registered person has 18% GST and he procures services from unregistered person whose rate would have been 5% if he was a registered person? In this case 18% or 5% rate for reverse charge purpose be considered?

Regards,

I am a registered vat wholesaler I don't have any proof of exceise duty paid and I don't even know whether the product has excise duty or not. bcoz I buy only from local state and only vat is mentioned in my invoice. am I eligible for claiming credit(ie 60,40 for the respective stock) on the cgst which I pay

I am a registered vat wholesaler I don't have any proof of exceise duty paid and I don't even know whether the product has excise duty or not. bcoz I buy only from local state and only vat is mentioned in my invoice. am I eligible for claiming credit(ie 60,40 for the respective stock) on the cgst which I pay

Sir,if we have a stock of Rs. 50,00,000 on 30th June 2017, how we can carried forward it from July in GST ?
And the stock of previous years was it carried forward or not or it was carried forward of few months before 30th June,2017.

Dear Experts
I have a query regarding my billing in GST time. I am a trader of electrical goods having dealership of various companies. Currently when i do a billing to my client many a times the prices is inclusive of Excise (12.5%) and i only charge VAT (@5% or @14.5% depending on case to case).
Now in GST time if price is inclusive of Excise and VAT is only 5% how i can i charge 28% / 18% on the base value.
Just to describe better i am putting the numbers below:

Current Scenario
Base Price - INR 100 (inclusive of Excise Duty)
VAT - 5%
Total Billing Value - INR 105

GST Time
Base Price - INR 100
GST - 28%
Total Billing Value - 128

Why is customer pay me additional INR 23 at GST times or will i have to reduce my base value. If i reduce my base value the problem is whatever goods i am purchasing from my principal company that was also inclusive ED so will the principal also reduce its base price.

I am very confused with this scenario and need your help.

Regards
Vaibhav Surana

Dear Sir,

Who is Service Receiver and Service recipient in invoice under GST. if these persons are different who can avail the input GST. in case of reverse charge who will pay the tax.