respected sir..
one of my client have total 12 luxuries bus and they aggregate turnover above 20 lac. they use bus for passenger use like Ahmdbad to surat... surat to kachh so he needs to take a registration in gst???
they have no any tax invoce. all collection are in cash base. they deposit in bank account.
so if he should gst registration then which type regular or composition
???
6 Replies
Tamizh vanan
(220 Points)
Replied 09 September 2018
he must take registration (TURNOVER RS.1.5 CORE FOR COMPOSITION SCHEME AND ABOVE FOR REGULAR) and collection are cash they must arise invoice(AS PER GST LAW FORMAT) in the of customer
Rohit Tibrewal
(Student & Senior Accountant)
(3193 Points)
Replied 09 September 2018
As the service is there and T. O MORE than 5 lakh you need to register under regular and For transport of passengers by an air conditioned contract or stage carriage (i.e., buses) and radio taxis, a GST rate of 5% would be applicable with no input tax credit.
HSN:9964
HSN:9964
Vinod Babu
(24191 Points)
Replied 09 September 2018
GST Registration for Transport Service - providing passenger transport services would need to obtain GST registration and file GST returns as their annual aggregate sale turnover would be more than Rs.20 lakhs or they would be involved in the providing of inter-state supply of services.
You should take regular gst registration.
You should take regular gst registration.
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