can we take cgst credit of 40% on transitional stock which supplied by ssi unit or sez enjoying excise exemption.

Dear Exparts, where is mentioned in GST act that GST rate will be 50 50 % in CGST and SGST at the time intra state sale.

What is the percentage of GST on Air freight and Sea freight (for exports)

Sir,
In gst will there be any tax on labour charges for a small industry having annual income of about 20 to 25 lakh including both sale and labour charges? (Now the vat rate is 5% for sale bills and no tax on labour bill)
If yes then what will be the tax rate?
Thanks and Regards

Dear Experts,
i am service provider and as of now i am collecting 15% ST on Service charge. in GST will i also have to collect the GST from service receiver and then have to remmit the same to govt.

however in some cases service receiver has to pay ST if RCM Applicable plz tell me in GST is there any Such provision like RCM if yes what is concept,

Thanks
ASAP

Dear Experts,
pls clarify... can we adjust the ITC of Vat against GST payment,



Regards
Vimal

As per transitional provisions ,If a person has not furnished all the returns required under the existing law for the period of 6 months immediately preceding the appointed day,he will not be allowed to take credit. So If a person take new registration in existing law today then he will not comply this condition.So whether ITC will be allowed to him in gst ?

I am Financial Consultant( an Masters in Finance), currently working on monthly contract basis for fixed monthly contracted service charges of 90K(-) TDS for an Indian entity.I work from my Home for my principal. Such type of Contract is not permanent and I may switch to regular Job upon having better opportunity. Being under this contractual assignment,...

My query is:

01 Am I Required to obtain GST Registration if I continue to work for my present principal even after GST rolls out ?

02 Currently I submit my monthly Bill and receive payment after deduction of TDS. What shall be status of my charging the Service Charges and receipt of payment.

I need guidance as I have to submit certification to my principal to process my renewal.

Please guide.

Hi All.............

Greetings for the day..............How are you ?

Can anyone please send me the "GST Overall Impacts in India & its' different Percentages What the Govt. has fixed.....! ? If you can send in "Pdf (or) Word" Attachment..........." i will be thankful to you all.

Kindly treat it as Urgent.


Thanks & Regards
S.Sugadeesh Kumar

Hi Seniors.
i am trader as well as service provider Hence registered in Vat & Service tax. from 1 july GST is to be applicable so pls clarify in GST how many returns i will have file for trading and service providing

also let me know its due dates

Thanks & Regards
VISHAL CHAUHAN