24 December 2016
GST is yet to be applicable. GST is replacing VAT and service tax.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
24 December 2016
Sir As of now we are paying 14.5% vat and 15% service tax. Pls tell me in GST will i have pay only 18% GST for both sales and service charge or it will payable 18% on sales portion and 18% on service portion total 36%
25 December 2016
Tax is applicable either goods or services, total value are already charged 18% no need to charge separately for goods and services.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
25 December 2016
Sir Suppose i have taken contract of 1 lakh inclusive materials i.e. 50000 sales portion and 50000 service portions. In this case will 18% GST be charged on 1 lakh
25 December 2016
Yes, Input tax credit(cenvat credit) can be taken on both purchase and input service. Service provider has to pay GST except where reverse charge is applicable.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
25 December 2016
Sir Even in GST weather RCM will be applicable in case if service invoice raised to body corporate
Also tell me what will be the due date of GST payment?