Please explain the GST Tax Payment Rules for following situations
Computer Sales & Service - Pvt Ltd Company ================================== 1) Computer Sales - Pvt Ltd Company - Need to Pay Sales Tax 2) Computer Service - Pvt Ltd Company - Need to Pay Service Tax
Partnership Firm ============ 1) Lorry Freight Payment - Need to pay Service Tax (GTA)
08 April 2017
Sale and Service shall both attract GST. For intra-state supply CGST & SGST shall be payable. For inter-state supplies, IGST shall be payable. In new GST regime service or sale or manufacture are all treated as supplies attracting GST. Freight payment shall also attract GST. It is not known as of now whether it shall attract GST on reverse charge. We should wait for relevant notifications.
CAclubindia
