Will tcs apllicable to jewellery industry in gst regime
Would like to know , whether TCS is applicable to Jewellery industry in GST Regime or it will be, as it is like earlier regime. In draft GST law , indicated that GST will be applicable on Customer Advances , is it different from TCS . if the advance received in Cash above 2 lakhs, both TCS and GST will be applicable.
One of our client has more Bank Transactions and charged with Service Tax earlier , going forward , may be charged with CGST , can this CGST eligible for set off against CGST Liability.
Please clarify the points
Regards
C.G.Dhandapani
Guest
2 ITC of CGST can be used to pay liability of CGST
My other query is CGST paid for bank charges , Courier Charges , Mobile charges etc can be setoff against CGST or IGST liability.
Please throw some light on this.
Regards
C.G.Dhandapani
Guest
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