whether stamp duty on property would be subsumed in GST. NO [ Reply as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read Other related GST Questions / Queries replied Read other related GST Technical / GST Tech Questions
If a CA (Chartered Accountant) whose Gross receipts is less Than 20 Lakhs and because of that he has not get himself registered under GST and provide consultancy to a Company without Charging GST on his bill . Does company requires to pay GST on this bill on Reverse Charge Mehanism (RCM) basis ? Yes.… Read More »
Will reverse charge apply to purchase of Paddy from Farmers? Will ITC be restricted on By products which are NIL rate under it? Reverse charge will be applicable on all supplies made from an unregistered person to a registered person. If item is nil rated then no ITC ( Input Tax Credit ) [ Reply… Read More »
what is criteria to take ITC on capital goods under GST ? Please refer to Chapter V of the CGST Act [ Reply as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read Other related GST Questions / Queries replied Read other related GST Technical / GST Tech Questions
How the credit be transferred in GST by service provider as the service tax return is filed in April 17 only The balance credit as per return will be available under Section 140 of the CGST Act [ Reply as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read Other related GST Questions… Read More »
Can tax payable under RCM be adjusted against input credit available in the same month? Yes. [ Reply as per Twitter Account of Govt of India for GST queries of Taxpayers ] [ Tax Heal Editor Note : Pay Tax in cash under reverse charge in GST because GST ITC can’t be claimed ] Read Other related GST… Read More »
In case of composition scheme a grossary shop keeper dealing in tax free goods too can opt the same? If the dealer / trader is dealing in 100% exempted goods he is not liable for registration. [ Reply as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read Other related GST Questions… Read More »
Job work done from unregistered job worker. Wheather reverse charge apply. Yes. Reverse charge would apply to the consideration to the job worker [ Reply as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read Other related GST Questions / Queries replied Read other related GST Technical / GST Tech Questions
As Trader of Stationery goods what all input tax credits will be taken by me on Services like Mobile,Telephone ,Tickets and how ? Input tax credit can be availed on most of the items except those not allowed under Section 17 of the CGST Act [ Reply as per Twitter Account of Govt of India for… Read More »
whether credit of excise duty paid before appointed date can be taken in GST if the goods are received after appointed date Yes. Please refer to Transition Rules. [ Read Final GST Transition Rules approved by GST Council 03.06.2017 ] [ Reply as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read Other… Read More »