Govt. has announced 20 Lakhs threshhold Limit for registration in GST regime. My query is that if a small Mfg. Unit with sale of Rs. 10 Lakh per year. he will Purchase Raw Material minimum of Rs 7 Lakh for sale of 10 Lakh, If GST rate is 20% then He will pay Rs. 1.4 Lakh as GST on Purchases of Rs. 7 Lakh. If the Mfg. Unit not Regd. under GST then his cost will Increase and he will face problem in selling his goods at higher rate to Regd. dealer becouse ITC will not be Available to Regd. dealer. I wanted to Know that small Mfg. unit should Register in GST regime to reduce his cost ?

Yesterday Finance Minister announced that Threshhold Limit will be Rs. 20 Lakhs. My query is that if a Mfg. unit whose Sales in a year Rs. 10 Lakhs and if his Unit is not Regd. in GST, how he will Sell his Goods to Supplier (Regd. Dealer) Becouse there will be no ITC available to Supplier and Supplier will not Purchased goods from Un Regd. Dealer due to non Availability of ITC. Now I wanted to Know that if a Mfg. unit with sale below Rs. 20 Lakhs should be Regd. under GST for availability of ITC or not ?

dear experts I would like to know that what is the need for introduction of GST in India. And also I want know that how the consumer will benefit from the GST. Please explain in a detailed manner best regards ChandrSekhar pujari

Dear Sir,

Please give me clarification about whether tax consultant can appear before GST tax authorities on behalf of assessee.

For this query any notification if available please give me details.

Thanking you Sir,
With Regards,
PRASHANT

Wat is meaning of crediting the amount in electronic ledger in case of input tax credit?

Good Morning Experts..

Is there any Scope for Company secretaries in GST Law???

Because as per my knowledge all power related to given to CA and COST ACCOUNTANT ONLY??

WHAT ROLL WILL BE PLAYED BY A TAX CONSULTANT AND A COMPANY SECRETARY IN GST.DO CS HAVE ANY SPECIAL PREVELAGE THAN A TAX CONSULATNT, LIKE CA AND CMA CAN DO AUDIT.

sir , can anybody tell me that after implementation of GST, all old indirect is of no use. all i studied and get pratical knowlege is waist?? or it will be same ??

To whom may it concern.

I'm working at a company which manufactures chemical products, epoxy resin, and exports them all over the world.

We are planning to establish bonded warehouse in India (Mumbai region) and we would like to ask you few questions about it.

Currently, we are planning to manufacture epoxy resin in Korea and export them to India.

Once goods arrive in India, we will keep them in bonded warehouse.

In above circumstance, Please provide us the answers for below questions.

1. What will be the imposed tax rate for stored goods sold to customer in India?

2. if we sell those stored goods to other nearby countries like Sri Lanka or Bangladesh how much tax rate will be imposed?

3. Please tell us if above domestic and international trades must use Indian rupee.

4. As far as I know, GST is different for each state and I heard a rumor that there is a possibility of unification. Please tell us its genuinity and if so, how will it change?

Your support will be very appreciated.

Thank you.

At present there is no service tax on rent from Residential Property.In GST what will be the position. I mean shall we collect and deposit the GST on rent received from Residential Property. Please explain me. Thanks in advance.

K.B.NAGESHA RAO
9448826793