Saksham Sachdeva
This Query has 1 replies

This Query has 1 replies

11 June 2017 at 17:27

Input tax credit of gst

As earlier on VAT & CST rules Input Tax credit of interstate sale( CST) is not given, input is given to only for sale within the state(VAT). IS THIS SAME FOR GST? Do the buyers will earn input for the tax paid by them for interstate sale?


swathi
This Query has 3 replies

This Query has 3 replies

11 June 2017 at 12:37

Capital goods under gst

What does capital good in gst mean?
When can i take itc?
Who can take itc?
When itc should be taken in instalment s?
Or can treat them as revenue expense ?
If i treat as revenue expense will it contradict AS



Anonymous
This Query has 7 replies

This Query has 7 replies

11 June 2017 at 12:22

Trade discount

Dear sir

Trade Discount facility in GST Sales invoice. sir

Goods Value Rs.10000.00
Less: Trade Discount Rs. 1000.00
------------------
Gross Rs. 9000.00
CGST 10% Rs. 900.00
SGST 18% Rs. 1620.00
------------------
Total Invoice Value Rs.11520.00
============
it is wrong or Correct. if it is wrong please let me know the correct format sir.


chetan mehta
This Query has 3 replies

This Query has 3 replies

11 June 2017 at 10:45

Closing stock

whether goods to be sold with in certain period of stock in hand as at 30-6-17


Saksham Sachdeva
This Query has 4 replies

This Query has 4 replies

11 June 2017 at 08:49

Gst on scrap iteams.

What is the slab of GST finalised for Iron , Steel & other metal Scrap? (Earlier it was 5% VAT)


ASHISH KUMAR RAY
This Query has 3 replies

This Query has 3 replies

Balance in Input SGST Rs.600/-
Output IGST Payable Rs.400/-
Output CGST Payable Rs.100/-
Output SGST Payable Rs.300/-

How the amount of Input IGST will be utilized for the payment of Output IGST,CGST & SGST


Azarudeen MF
This Query has 1 replies

This Query has 1 replies

10 June 2017 at 19:04

Applicability of GST in SEZ

Dear Sirs, my company is doing industrial catering in sez unit companies. previously we charged 2% vat on food and drink sales. Now is they applicable for Gst? Thanks in advance.


MOHAMMED ASGAR Bhati
This Query has 1 replies

This Query has 1 replies

10 June 2017 at 18:51

itc on import

I am a importer . i import a shipment in the m/o june 2017. i paid basic duty Rs. 108000. and cvd 12.50% Rs. 125000.00 & addl. duty 4% paid by me Rs. 13500/- if i hold whole quantity as closing stock on dtd. 30.06.2017. then how much i can claim itc on above stock. pls explain in detail. can i claim only 4% addl. duty as itc or claim itc 12.5 % cvd + 4% addl. duty.


Amit Nandy
This Query has 3 replies

This Query has 3 replies

10 June 2017 at 17:56

Credit utilization

Please reply the following question.

If a particular case book balance of Input SGST Rs-500/-, Output IGST-400/-, Output CGST-100/-, Output SGST-100/- then payable amount will be? and what accounting entries need to be done?


virender
This Query has 1 replies

This Query has 1 replies

I am a retailer registered under gst. if I receive goods by truck from goods transport agency. then any case of reverse charge will arrive under composition scheme. if yes then who will pay the reverse charge. me or goods transport agency.






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