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?
Whether Bribe will be required to pay for GST new registration?
Dear Sir,
I am paying an interest of Rs.3 lacs/PA towards my son's Ed.Loan, while the Tax deducted from Salary is around Rs2.0Lacs app.Can I club any of last 3 years un claimed interest under 80E.Pl advice.
Regards,
R.Venkat Iyer
04vravi@gmail.com
Dealing in exempted sales - Within state -Now wants to sell outside state - Shall issue Tax invoice or Bill of Supply??
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.
Hello, can anybody know how to file Form GST REG 26 PART B.?
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,
Input credit on car lease under gst