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REGARDING INPUT

129 views 1 replies

D.Srinivasulu

B.SC

202 Points Joined May 2014

hai sir good afternoon,
I have maintain warehouse godown. farmers and gst dealers keep their stock of agriculture produce like cotton, coconut, chilli, fertilizer etc. in this scenario we have to collect tax Or not from farmers/dealers, if yes what is the slab rate. please give full clarification about WAREHOUSE GODOWN IN GST LAW

Replies (1)

Sagar Patel

Tax and Business Consultant

11616 Points Joined July 2015

If you are providing warehousing services than for agriculture produces as prescribed in GST Act is exempt from tax, so you are not required to charge GST in your bill.
but if you are providing warehousing services to other than agriculture produces, which is not exempt from tax, than you are required to charge GST in your bill, collect and pay it to government.

If you are registered under composition scheme, if eligible, than you can't collect tax from recipient. You are required to pay tax at prescribed composition rate.