Respected all,
kindly help our in following GST query
As per Government rules
this is how a customer is charged for his monthly cable subscriptttion
Cable TV package cost is fixed 130 Rs + GST 18% = 153.40 Rs to be charged from end user
in this 130 Rs there are 2 different parts 40 Rs we local operators pay to their MSO Distributors with GST 40rs + 18% =47.2 Rs
and balance 90rs local tv operators keep with themselves against broadcasting of Free TV channels they get and they no need to pay anyone from this balance of 90 rs package amount +16.2 rs GST balance collected from end user customers.
if customer select Suppose Zee channel channel Above 153.40 paise example of 19 rs mso collects 19 + 3.42 paise
in this situation if my annual turnover is below 20 lakhs
i now utilizse itc and pay tax every month
can i pay 6% on my total turnover???
CAN I OPT FOR COMPOSITION SCHEME PLEASE HELP TODAY IS LAST DAY !
CAclubindia
