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Narasaiah Narra

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Posted : 9 months ago

Your turnover crossed Rs.20 Lacs, you are liable to get GSTIN & pay tax@18%. No exemption available , moreover you cant opt for composition. (composition scheme is not applicable for service sector except restaurants)
#All-About-GST

Your turnover crossed Rs.20 Lacs, you are liable to get GSTIN & pay tax@18%. No exemption available , moreover you cant opt for composition. (composition scheme is not applicable for service sector except restaurants) #All-About-GST
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Posted : 9 months ago

IGST applicable.

IGST applicable.
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Posted : 9 months ago

If TO is less than 20 Lacs,GST regn is not required. But the service recipient is required to pay GST as purchases from unregistered dealers. this would increase their compliances. hence, they are insisting you to get the GSTIN.As your party will reimburse the GST to you , no extra cash outflow from your pocket.but you have to file monthly returns etc .
#All-About-GST

If TO is less than 20 Lacs,GST regn is not required. But the service recipient is required to pay GST as purchases from unregistered dealers. this would increase their compliances. hence, they are insisting you to get the GSTIN.As your party will reimburse the GST to you , no extra cash outflow from your pocket.but you have to file monthly returns etc . #All-About-GST
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Posted : 9 months ago

North East states and hilly states, exemption threshold is fixed at Rs 10 lakh.(Arunachal Pradesh.Assam.Manipur.Meghalaya.Mizoram.Nagaland.Sikkim.Tripura.)
#All-About-GST

North East states and hilly states, exemption threshold is fixed at Rs 10 lakh.(Arunachal Pradesh.Assam.Manipur.Meghalaya.Mizoram.Nagaland.Sikkim.Tripura.) #All-About-GST
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Posted : 9 months ago

No separate IGSTIN as per GST Act. GSTIN is sufficient to do inter state sales
#All-About-GST

No separate IGSTIN as per GST Act. GSTIN is sufficient to do inter state sales #All-About-GST
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Posted : 9 months ago

Import into India will be considered as Inter-State supply, on that IGST & Basic Custom Duty applicable

Import into India will be considered as Inter-State supply, on that IGST & Basic Custom Duty applicable
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Posted : 10 months ago

on under construction flat GST to be paid @18% after deduction of 1/3 of Land value from agreement value. here effective GST @12% only on balance due to builders. (on balance due you can claim 1/3 of land value as deduction)
#All-About-GST

on under construction flat GST to be paid @18% after deduction of 1/3 of Land value from agreement value. here effective GST @12% only on balance due to builders. (on balance due you can claim 1/3 of land value as deduction) #All-About-GST
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Posted : 10 months ago

No. Composition Scheme is available only for intra-state supplies. If a dealer is involved in inter-State supplies, then he cannot opt for the scheme.The goods held by him in stock on the appointed date must not be purchased from a place outside his state.
#All-About-GST

No. Composition Scheme is available only for intra-state supplies. If a dealer is involved in inter-State supplies, then he cannot opt for the scheme.The goods held by him in stock on the appointed date must not be purchased from a place outside his state. #All-About-GST
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Posted : 10 months ago

on under construction flat GST to be paid @18% after deduction of 1/3 of Land value from agreement value. here effective GST @12% only on balance due to builders
#All-About-GST

on under construction flat GST to be paid @18% after deduction of 1/3 of Land value from agreement value. here effective GST @12% only on balance due to builders #All-About-GST
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Posted : 10 months ago

separate registration required in each state.
#All-About-GST

separate registration required in each state. #All-About-GST
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