Co.'s business Is of providing continous service through out year to fixed customers : now service provided in june but invoice and payment, both done in july and gst from 1st july.. Then will it attract gst or service tax ?
Dear Sir/Madam,
Is GST applicable between two small traders, both having turnover of Rs.2 lakh per annum?
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KIND ATTN. SIR
THE ASSESSEE BEING A GARMENT MANUFACTURER YET TO BE REGISTERED UNDER TNVAT ACT , SINCE IN THE GST TRANSITION PERIOD, PURCHASED SEWING MACHINES DURING JUNE,2017 ( CAPITAL GOODS) WITH VAT INPUT TAX@5%, WITHOUT TIN .
KINDLY CLARIFY WHETHER INPUT TAX ON CAPITAL GOODS ON MACHINERY PURCHASED CAN BE CARRIED FORWARDED TO GST AS INPUT TAX CREDIT.
WITH REGARDS
CA.P.SHANGAR FCA
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GST or service tax?