Vat & service tax in gst

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 December 2016 Dear Experts
I am paying Vat and Service tax. Pls tell me weather GST has been applicable or it is yet to be applicable

Also tell me will i have to pay 18% GST separate for vat and 18% for service tax or it will be paid combined 18% for both vat & service tax

Regds
Ramesh singh

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

24 December 2016 GST applicable to you if both VAT and service tax turnover exceeds 20 lacs. Combined 18% GST payable.

Querist : Anonymous

Querist : Anonymous (Querist)

24 December 2016 Sir also tell me weather GST has been applicable or it is yet to be applicable

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

24 December 2016 GST is yet to be applicable. GST is replacing VAT and service tax.

Querist : Anonymous

Querist : Anonymous (Querist)

24 December 2016 Sir As of now we are paying 14.5% vat and 15% service tax. Pls tell me in GST will i have pay only 18% GST for both sales and service charge or it will payable 18% on sales portion and 18% on service portion total 36%

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

24 December 2016 Both sales and service tax GST payable 18%.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)

25 December 2016 Tax is applicable either goods or services, total value are already charged 18% no need to charge separately for goods and services.

Querist : Anonymous

Querist : Anonymous (Querist)

25 December 2016 Sir
Suppose i have taken contract of 1 lakh inclusive materials i.e. 50000 sales portion and 50000 service portions. In this case will 18% GST be charged on 1 lakh

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)

25 December 2016 Yes you have to charge GST 18% on 1 lakh.

Querist : Anonymous

Querist : Anonymous (Querist)

25 December 2016 Sir weather in GST can we avail cenvat credit of GST in both purchase and input service

Also tell me who will pay GST weather service provider and service receiver

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

25 December 2016 Yes, Input tax credit(cenvat credit) can be taken on both purchase and input service.
Service provider has to pay GST except where reverse charge is applicable.

Querist : Anonymous

Querist : Anonymous (Querist)

25 December 2016 Sir
Even in GST weather RCM will be applicable in case if service invoice raised to body corporate

Also tell me what will be the due date of GST payment?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

25 December 2016 In case of import of service RCM is applicable.

Querist : Anonymous

Querist : Anonymous (Querist)

25 December 2016 Sir import of service means

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

29 December 2016 Availing service rendered by a person from out side India.

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