Confusion on levy of tax
Shaivya Rao (92 Points)
14 June 2017
If the tax rate is 28% will the state and central share the rate at 14% or will they levy 28% each?
16 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(180956 Points)
Replied 14 June 2017
It will be shared i.e 14% CGST + 14% SGST = 28%
Sam Desa
(21 Points)
Replied 14 June 2017
I m a contractor so can I go for composition tax category?
nirmalbhai thakker
(117 Points)
Replied 14 June 2017
works contract is considered as service as per Schedule II . AND EXCEPT RESTAURANT , ALL service providers are not entitle for composition .
So in all types of works contract, u r not eligible for composition registration.
So in all types of works contract, u r not eligible for composition registration.
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 14 June 2017
Yes you are not eligible for composition scheme.
Sam Desa
(21 Points)
Replied 14 June 2017
how to make invoice if contract having both material and Labour?
deepak kumar
(IPCC Student)
(32 Points)
Replied 14 June 2017
yes composition scheme is available for contractor. Normal invoice will be prepared as you only need to give quarterly turnover amount.
Repanshu
(Non)
(32 Points)
Replied 14 June 2017
Always GST rate will be share by centeral and state government in equal amount??
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 14 June 2017
Yes it will be always share equally. Refer Clause 7 of Sec 10 of IGST Act,2016
Sam Desa
(21 Points)
Replied 14 June 2017
If yes composition scheme is available for contractor then what will be composition tax for contractor.
Ashpak Ali
(Finance Accounts Manager)
(87 Points)
Replied 14 June 2017
It will be CGST 14% and (SGST 14% or IGST 14% or UTGST 14%)
Bhakti Maheshwari
(2 Points)
Replied 20 June 2017
what is the rate on club activities provided by hotel management... like membership of health club and other activities
Recent Topics
- Tax filing for the belated payment credit
- Legal service RCM
- OUT OF STATE ADDITIONAL PLACE OF BUSINESS
- Excess claim and paid with DRC03
- Upload of qualified audit report on MCA portal
- Form 26QB on multiple installment
- Is Offering Group Health Insurance Worth It for Sm
- Export of services documents
- AOC4 & CFS,STANDALONE separately
- Gratuity Trust for IT company
Related Threads
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
