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Gst

ABHILASHA CHATURVEDI (Student) (139 Points)

14 January 2017

Please Clarify The Following Issues: 1.Whether Service Tax on Debit card Charges/ SMS charges etc charged by bank will be allowed as Input Tax Credit to the customer if they use it for the business purpose? 2.Can a service provider claim input tax credit for the GST paid by him on purchase of Laptop to be used for business purpose ?

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4 Replies

ABHILASHA CHATURVEDI (Student) (139 Points)
Replied 14 January 2017

please also clarify,

Aggregate Turnover shall include all taxable supply, exempt supplies, export of goods and/ or services and inter-state supplies having the same Pan. Now as per Schedule V assessee having inter-state supply will have to be registered under GST. Now the question is, will the assessee pay tax as soon as he gets registered ( even though he is below the threshold limit) or the liability to pay tax will arise only when he crosses the threshold limit.

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ABHILASHA CHATURVEDI (Student) (139 Points)
Replied 14 January 2017

Please also Clarify the following issue:

Suppose a person is engaged in construction, during his period of construction he got an offer from an mobile company that they want erect a tower on his construction....

For these they entered into a agreement, which read as,

The said assessee said he he will charge Rs 1 lakh yearly and he needs Rs 10 lakh now(a non refundable deposit)..How will this be treated under GST and what will be the time of supply..