An online casino operator receives a total collection of Rs. 1,000,000 for the taxable period of June. Total cash payouts to successful players is
Rs. 400,000. The casino makes a net win of Rs. 600,000. What would be the gst impact whether they would charge gst on a total collection of Rs. 1,000,000 OR they would charge the gst on net win of Rs. 600,000. Please clarify with GST Sections and rules.

Thanks in Advance.

As per section 18 of CGST and SGST Acts,2017 allowing input on stock held (Closing Stock) on preceeding day to conversion through ITC-01.

My question is that IGST input on purchases as on conversion from composition scheme to regular can be avail or not?? If your answer is yes,can you please share me the relevant material on this.

Do we have any format for CA/CMA certificate above 2 lakhs ITC for IGST credit claim??
Early response is much appreciated.
Thanking you.

We are having freight forwarding business and we are providing the services to our valued clients. but sometimes service provided to our clients also includes Transportation services and we have also charged GST on invoices raised to them. I want to know whether Transportation services provided along with other services attracts GST or not?

i want to know if i sale lift to individual customer how much GST will charge. now i charge @18% but some branded company charge 12% . i cant understand what is right . please advice and clear me
thanks

I am in warehousing business and my income is categorised under Income from house property. After taking standard deduction all other expenses are disallowed or are not taken to compute taxable Income. However, routinely I incur expenses for repair and maintenance which includes paint material, small quantity of steel and cement. I want to take input of GST as the expenses are or revenue nature. Can I do so?

XYZ having manufacturing unit cum Head Office in Maharashtra and other units outside Maharashtra. Certain common services are received at Maharashtra on which 100% credit is taken at Maharashtra. In this situation, they can raise monthly invoice in the name of other units under the category of ‘Business Support Service’ based on the value mentioned in the invoices of the service provider for common services received at Maharashtra and by adding certain percentage of mark - up on it. Once this figure is arrived at, the same needs to be apportioned in the name of each unit based on cost centre wise expenses maintained by company on monthly basis. Will this be allowed or Maharashtra should necessarily obtain ISD Registration and then distribute the credit to other units?

Respected Experts,

Good evening

Please provide clarification.

We are dealers of supply of coal .we rise invoice like this.

1.Basic value =1000
GST5% =50
CESS = 400
SubTOTAL =1450
TCS as IT act 1% =15
Total invoice value =1465

Some other people says like below
2..Basic value =1000
TCS as IT act 1% =10
GST5% on 1010 =51
CESS = 400

Total invoice value =1461

Which is correct 1 or 2 ?? Or any other please suggest me
plzzzz

Dear Experts,

I have registered for Gujarat State only but I have Works Contracts projects in other states. I am going to purchase Material from Gujarat for other state's site (e.g. Maharashtra). How's the supplier will generate e-way bill for delivery in Maharashtra? He will issue bill with CGST&SGST but please guide on e-way bill issue.

AS PER RULE 6(5) OF VALUATION RULES Value of supply for used goods shall be the difference between the selling price and purchase price. AND section 2(6) says the aggregate value of taxable supply is aggregate turnover.
Does it interpret that turnover of used goods is selling price- purchase price?
If I am registered under composition scheme will this be considered as a turnover? (selling price- purchase price).

PROPRIETOR PERSON HAVING BUSINESS INCOME BEYOND 20 LAKH ALSO EARN COMMERCIAL RENT INCOME BELOW 20 LAKH IN A YEAR BUT NOT CHARGE GST ON RENT INCOME CAN HE APPLICABLE TO CHARGE OR NOT