Suppose, Mr X of State B is purchasing an input amounting Rs 1000 from State A for which he has paid IGST say 10% i.e Rs 100. Now this input is used in his finished product Y which is sold only in State B. Previously, Y was excise exempted. Whether 1. he may be paid CGST and SGST for this or only SGST? if SGST, can he set off the IGST of Rs 100 from his SGST?
I have two questions 1.whether CGST will be applicable for all products/services or there would be separate legislation for the same which will define the scope of products / services for which CGST will be applicable?
2. Say in an IGST transaction, if the buyer sells it's finished product within the state only, in that case can the IGST be taken credit and set off against the SGST? Or to claim IGST, interstate sale is a must? Awaiting from the expert's view?
I AM CA FINAL STUDENT & WANTS TO KNOW THAT IS GST IS APPLICABLE FOR NOVEMBER-10 EXAMS
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Can somebody send me the latest information on GST. Structure of tax for a simple understanding.
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If the introduction of GST regime would render the present Excise law, custom law, Service Tax , VAT , CST go redundant & obsolete .
Kindly provide a crystal clear picture of Tax scenario after induction of GST .
i want know what procudure of service tax registration numbar and requried documents. i want to know that what catagery of courier service
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