impact of gst on small busdiness of photocopying
This query is : Resolved
04 August 2016
sir...I have been paying service tax as per mininimum turnover....we absorb service tax as we can collect it separately in this unorganised sector...
we buy paper which is with vat tax....we can't adjust it as we don't have vat num...
bt now with GST my paper bills will also show gst.....will I benifit by adjust thos amt against what I will pay as gst......please see gude....I hv been losing to much fr my profit......
Amol S Joglekar
(Expert)
22 September 2016
prima facie the answer to your query is YES.
Input tax credit for non business....can not be claimed
Input tax for business.... can be claimed subject to following
supply is fully taxable....full input credit can be claimed
Input tax credit for non business....can not be claimed
Input tax for business.... can be claimed subject to following
supply is fully taxable....full input credit can be claimed
08 November 2016
sir...in which tax slab of gst can paper fall..I mean what's most likely tax slab....as we use it as main material in photocopying shop...thanks
Amol S Joglekar
(Expert)
09 November 2016
difficult to guess. We need to wait till the final notification comes.
02 January 2017
Hi all....we are a Xerox ing photocopying shop...we pay service tax on turn over...now after GST..which firm of gst will apply to us like...igst..cgst or other.. n will there be very heavy paper work..... ADVICE
Amol S Joglekar
(Expert)
02 January 2017
not really. But you will have to be more meticulous in keeping your record.
02 January 2017
thanks so much..we R among such a unorganized sector... people' say different things.. like bill books will change...billing a counter will take more time...customers wll hve to give more details n all...so confusing fr laymaan doing business
Thanks again .u already clear some doubts....thanks
Amol S Joglekar
(Expert)
03 January 2017
You are most welcome.
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