Please suggest, can any department/officer can cancel GST registration or sent notice for cancellation of GST registration on the basis of NIL return filed from July 17 to Feb 18??
08 May 2018
As per rule 22 (1) Where the proper officer has reasons to believe that the registration of a person is liable to be cancelled under section 29, he can issue a notice to such person in FORM GST REG-17, requiring him to show cause, within a period of seven working days from the date of the service of such notice, as to why his registration should not be cancelled.
m running a Hire car service. (Car Taxi for corporate)
Case: If i buy 20 new cars (Price RS 20 Lacs + 28% GST+ 20% Compensation cess each) and use for hire car service for 3 year and after that we sale such cars (Price Rs 5L (After deprecation) + 18% GST+ 20% compensation cess each)`so my quieres are:
1) first can i take input of buy of car against Car hire service if i pay 5% against car hire ??
2) first can i take input of buy of car against Car hire service if i pay 12% against car hire ?? 3) Can i also take ITC of compensation cess??
4) At the time of selling of Car, what is the GST implication??