purchase BUS

119 views 6 replies

URVI

TAX CUNSULTANT

214 Points Joined October 2017

respected sir..
one of my client have total 12 luxuries bus and they aggregate turnover above 20 lac. they use bus for passenger use like Ahmdbad to surat... surat to kachh so he needs to take a registration in gst???
they have no any tax invoce. all collection are in cash base. they deposit in bank account.

so if he should gst registration then which type regular or composition
???

Replies (6)

Tamizh vanan

220 Points Joined June 2017

he must take registration (TURNOVER RS.1.5 CORE FOR COMPOSITION SCHEME AND ABOVE FOR REGULAR) and collection are cash they must arise invoice(AS PER GST LAW FORMAT) in the of customer

Rohit Tibrewal

Student

3193 Points Joined February 2011

As the service is there and T. O MORE than 5 lakh you need to register under regular and For transport of passengers by an air conditioned contract or stage carriage (i.e., buses) and radio taxis, a GST rate of 5% would be applicable with no input tax credit.

HSN:9964

Vinod Babu

24196 Points Joined May 2018

GST Registration for Transport Service - providing passenger transport services would need to obtain GST registration and file GST returns as their annual aggregate sale turnover would be more than Rs.20 lakhs or they would be involved in the providing of inter-state supply of services.

You should take regular gst registration.

Guest

Majority of the businesses involved in providing passenger transport services would need to obtain GST registration and file GST returns as their annual aggregate sale turnover would be more than Rs.20 lakhs or they would be involved in the providing of inter-state supply of service