Tax applicability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 May 2017
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
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
Guest
Guest
(Expert)
23 May 2017
Labour charges will be considered as Supply of Services and accordingly GST will be liveid on it.Gst will be payable once your aggregate turnover exceeds Rs 20 lakh or 10 lakhs as the case may be.
To determine aggregate turnover kindly see my video
https://youtu.be/aDa2OZh2m7o
To determine aggregate turnover kindly see my video
https://youtu.be/aDa2OZh2m7o
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Gift of mutual fund units to daughter
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Form 10BD Filling
- Reporting of STCG on Property in ITR
- Not able to file ITR
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
