please suggest me how can I get medicine HSN code? There is a lot of code but we couldn't find it.
Dear Experts
First Query
If my on say 21-Feb-19, my aggregate turnover for FY 18-19 exceeds rs. 50 lak when I issue bill of supply at 10:00 AM, then do I have to issue for the next supply I make Tax Invoice and charge GST and collect it from customer?
OR
can I for the day of 21-Feb-19 continue to issue bill of supply and come within preview of normal GST scheme from next day.
I am asking coz the word used in section 10(3) is with effect from day and not w.e.f. moment.
Second Query
under section 10(5) it says that if someone wrongly avails of composition scheme than he has to pay GST as would have been applicable had he not applied for the scheme. my question is will the composition tax be adjusted against his GST liability or what he has paid is gone and will not be adjusted?
regards
shivani
Hi,
I was wondering that after the introduction of GST, will we be able to claim GST as a company if we have:
1. Restaurant bills
2. Telephone bills
3. GST paid under car purchase (under company name)
I WANT A BOOK ON GST ..PLS SUGGEST ME
I am doing business of silk fabrics handloom product n my turnover around 50/60 lace yearly. may I have to take gst nbr?Earlier there is no need as handloom silk fabrics has nothing tax. my whole product goes to party n they export
can any one tell me applicability of Gst in final exams?? is there applicable in may-18
Why GSTN Incorporated under section 25 of Companies Act, 1956?
Dear Experts
Why should Mr. X opt for Composition Scheme?
1. He gets no input credit. So it gets added into the cost which makes his product expensive.
2. His customer does not get any input credit of the goods bought from Mr. X. So buyers will prefer the ones from whom they can get credit. Mr. X looses customers.
3. X cant collect tax from customers. So he pays out of his pocket. Why the hell will someone like to do that?
4. Also the limit of rs. 50 lakh is based on aggregate turnover and not taxable turnover.
How thoughtful is this?
Am I missing anything?
regards
shivani
Dear Experts
Why should Mr. X opt for Composition Scheme?
1. He gets no input credit. So it gets added into the cost which makes his product expensive.
2. His customer does not get any input credit of the goods bought from Mr. X. So buyers will prefer the ones from whom they can get credit. Mr. X looses customers.
3. X cant collect tax from customers. So he pays out of his pocket. Why the hell will someone like to do that?
4. Also they are considering aggregate turnover and not taxable turnover.
What common sense is that?
Is there anything I am missing.
What is a single thing which makes anyone opt for this ill thought scheme.
regards
shivani
please msg me on my number to join my group and you tube channel I follow
which rate as Gst taxation rate on grain oilseeds weath gram peanut ground nut musterd and all type grains
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)
Medicine HSN code