hi
my business is like purchase from farmers & other small producer and I will store it in godown
later
when if any customer will order I will deliver to him
and I will charge delivery
my doubt is
what is the nature of my business for get registration under gst
Gst mature for registration_Urgent
Replies (4)
Quick Summary
Such renting of warehouses by agencies engaged in providing storage and warehousing services is liable to GST under a reverse charge at the rate of 18 per cent. The GST paid thus is not eligible for input tax credit (ITC), as the corresponding outward supply of warehousing service is exempted from GST.
@ sourav as per my understanding he is not providing warehousing facility to any one. he is directly purchasing and selling outside. he is just do trading/whole sale business.
GST rate depends on what kind product he is dealing.
GST rate depends on what kind product he is dealing.
But this is the case of warehousing in godown
I think @ rajanikanth should provide clarification as to apart from delievery charge what are the other avenues of revenue?
Because, apart from delievery charges, it might be mere renting where the consideration for goods will be collected on behalf of farmers or else normal trading business be it wholesale or retail.
kindly provide these clarifications @ Rajanikanth
Because, apart from delievery charges, it might be mere renting where the consideration for goods will be collected on behalf of farmers or else normal trading business be it wholesale or retail.
kindly provide these clarifications @ Rajanikanth
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