GST applicablity

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venkata sai krishna (Querist)
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05 November 2017 My Business is MOBILE RECHARGE DISTRIBUTOR, Weather GST is applicable for my Business or not ? ex:- IDEA ------ ME --------- RETAILER -------- CONSUMER. I am Buying the recharge balance from Idea & selling to Retailer

Vishakha Kejriwal.

Vishakha Kejriwal. (Expert)
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06 November 2017 GST would be applicable.

venkata sai krishna

venkata sai krishna (Querist)
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06 November 2017 ex:-I am recharging from Idea ₹1000/-. Idea isgiving to me as a balance of ₹1050/- and again i am sellling to Retailer if he recharges ₹1000/-, i am sending ₹1030/- to Retailer. for me GST should pay on ₹20/- (or) ₹50/-

venkata sai krishna

venkata sai krishna (Querist)
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06 November 2017 whether I have to pay GST on ₹20 or ₹50. All are in inclusive of Gst.

Vishakha Kejriwal.

Vishakha Kejriwal. (Expert)
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06 November 2017 You need to first back-calculate GST on amount charged from retailer that is on Rs.1030; On such amount GST is payable; Likewse you can claim credit of the GST amount charged by IDEA from you.

venkata sai krishna

venkata sai krishna (Querist)
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06 November 2017 for me I am a composite dealer how to pay

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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26 July 2024 Under the composition scheme, GST is paid at a flat rate (1% or 5%) on your margin.

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