hen was the Goods and Services Tax(GST) implemented in India?
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Hello Professionals!
Whether a supplier of goods or services supplying through ecommerce operator would be entitled to threshold exemption?
Can I sell on Flipkart India without GST number?
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Hi Professionals!!
In case of Construction Contracts, builders remit taxes on receipt of payment or completion of slabs as provided in the contract. What will the impact due to change in the tax rates?
Hi All
Is it required to distinguish whether a particular supply involves a supply of goods or services or both?
services
goods
supply
distinguishing
Dear Members,
I imported some goods on which it was liable to pay GST under RCM. While the goods were lying at the port, goods were lost or destroyed due to some natural disaster. In this case, will it be liable to GST?
Dear Members
Do I have to issue an invoice even if I remove goods for ‘sale on approval
basis’?
Hi members
I have a query
Whether GST will apply wherein goods are moved within the State or from the State of registration to another State for supply on an approval basis?
Dear Members,
We have planned to distribute educational equipment to underprivileged students studying in various levels.
The equipment purchase including GST ?
How do we treat the CST Contribution for Compliance ?
1. Purchase materials including GST and should not claim GST input
Ex:- CST Contribution is Rs. 1 Lakh
purchase material worth Rs. 1 Lakh (including GST 18,000/-)
or
2. Purchase the materials to the extent of Rs. 1 Lakh and pay GST 18% GST and total payout Rs. 1,18,000/-
Payout Rs. 1,18,000/- and claim 18,000/- the input tax credit ?
Which is the best practice of compliance ??
contribution
under
purchased
goods
treatment
Dear Members,
We have planned to distribute educational equipment to underprivileged students studying in various levels.
The equipment purchase including GST ?
How do we treat the CST Contribution for Compliance ?
1. Purchase materials including GST and should not claim GST input
Ex:- CST Contribution is Rs. 1 Lakh
purchase material worth Rs. 1 Lakh (including GST 18,000/-)
or
2. Purchase the materials to the extent of Rs. 1 Lakh and pay GST 18% GST and total payout Rs. 1,18,000/-
Payout Rs. 1,18,000/- and claim 18,000/- the input tax credit ?
Which is the best practice of compliance ??
contribution
under
purchased
goods
treatment
Dear Members,
We have planned to distribute educational equipment to underprivileged students studying in various levels.
The equipment purchase including GST ?
How do we treat the CST Contribution for Compliance ?
1. Purchase materials including GST and should not claim GST input
Ex:- CST Contribution is Rs. 1 Lakh
Purchase material worth Rs. 1 Lakh (including GST 18,000/-)
or
2. Purchase the materials to the extent of Rs. 1 Lakh and pay GST 18% GST and total payout Rs. 1,18,000/-
Payout Rs. 1,18,000/- and claim 18,000/- the input tax credit ?
Which is the best practice of compliance ?
contribution
under
purchased
goods
treatment
Hi Friends
Pls provide your opinion on this case.
I need to understand the accounting and legal challenges in transferring stock to warehouse o/s India taken on a rental basis.
So the situation is Client is planning to get goods transferred to the warehouse of Uzbekistan without actual custom clearance. He will keeps goods there for sale and eventually will be sold from there on monthly basis.
The Question is :
Can we show same as stock in foreign warehouse, if not then how will we show as it is not actual export and Invoice will be raised as and when goods will be cleared from customs of Uzbekistan.
What is the impact of same under GST , Is it to be stated as export of goods only as there is no concept of stock transfer in GST or is there any Challan/delivery note basis
Pls suggest
