We are a dealer for HPCL
Every month the company creates GST Invoices under RD for Rs 8260 (inclusive of GST @ 18%)
Plus every month the company creates an additional GST Invoices under GP for variable amount (inclusive of GST @ 28%)
Whenever explanations are asked the answers are more confusing. Are we supposed to pay the GST amount. There is also
talk of paying 2% TDS. Can anyone explain the issue in simple terms, so that a taxpayer can understand the matter.
We have leased the land (property) to a relative, who in turn has entered into a sub-lease agreement with HPCL. The pump is in relative's name, but runs it on our behalf.
RD INVOICE IN HPCL IS RELATED WITH LEASE RENT WHICH HPCL CHARGED FROM DEALER. SO YOU CAN CLAIM INPUT GST
You can claim ITC for all the GST charged to you. Further tds @ 2% would apply for transaction with psu on amount exceeding rs. 2.5 lakh per transaction.
Tds would be available to you on the portal which u may claim for the tax payments on filing tds return under GST
Prish Consultancy LLP
New Delhi
B.Com
View Details
Austin Med Solutions Pvt Ltd
Bengaluru
CA
View Details
Synergy Keystone
Mumbai
CA
View Details
PARV & Co.
New Delhi
CA Inter
View Details
Sanath Sheshagiri & Co.
Bengaluru
CA Inter
View Details
CCI
Pro
CAclubindia
