Tax questions on GST

As per recent notification from GST, the hotels are required to charge 12% if the room rent is less than 1000 per day. https://www.cnbctv18.com/economy/gst-council-meet-hotel-rooms-below-rs-1000-per-day-to-attract-12-percent-tax-13971862.htm For Hostels & PGs for Students, and Working Professionals, we would like to clarify the following scenarios. Our business - We take properties on ...

Dear Sir/Madam, I had booked a plot of land measuring 1150 sq ft with a builder at Rs 150000/- in August 2019. He was to build a duplex in the said plot of land with built up area 2061 sq ft( Ground Floor- 837sq ft, 1st Floor 837 sq ft and 2 nd Floor 387 sq ft) and sell the duplex along with the piece of land to me. The total consideration amount agreed was Rs 6500000/-, out of which Rs...

Hi, I am planning to buy resale flat in Pune. This building and said flat has not received completion certificate. Partial completion certificate is received for some flats and those flat owners received possession from builder. Society is also formed by those flat owners. First owner has not received the possession letter from builder. This building is joint venture between first owner (...

Dear Sir/Mam, Thank you for contacting CBIC Mitra Helpdesk. The reference number for this interaction is Dear Sir, I booked a 2BHK under construction flat in Patna (Bihar) on September 2018 with carpet area 850 sqft (Super built-up area 1060 sqft). As per government it is coming in affordable housing and As per government GST was for affordable housing is 8% in September 2018 but builder is...

I am a freelancer and I have multiple streams of income: 1) I get paid for designing websites for international clients. I receive money on paypal. 2) I am also working as a virtual assistant for an international client and receive payment on paypal. 3) I have a print-on-demand store on teespring and they pay me through paypal. Basically what happens in this type of income is that th...

Hi, I have a web design agency in Rajkot, Gujarat. I have a question related to GST. I know that I don't need a GST number if my annual turn over is less than 20lacs. I'm expecting to reach turn over 20 lacs this year and here is my situation: 1. It is a proprietary firm. 2. I don't have GST number yet. I'm filing regular income tax returns and also pay advanced tax. 3. All my income is...

Hello, I live in Bangalore and I am have started a dropshipping business business from my own website www.myWebStoreShopping.com. My target customers are from across the globe, including India. And once the customer places an order from my website I forward that order to my suppliers based in China who then ships the order directly to my customer irrespective of the location. (international c...

I have started a small enterprise (like a freelancer) with 2/3 people to provide technical service and sales to the industries. My enterprise is Proprietary ship, get trade license from local Panchayet and a have company current bank account. I do provide service ( plan to sales) on all over India. I have contacts. I neither have GST registration nor applied yet. And as of now also not in...

Checking the records for one of our client we came to know the GSTN is of Partnership firm and whereas the client is carrying on the business in the capacity of Proprietorship Firm. Brief Background is that that during the VAT regime the client was registered as Partnership firm. Due to death of one of the partner the partnership firm cease to exist. The other partner took over the business an...

Company is selling single units under row housing to customers Company will sign single agreement with the customer that company will first sell the plot to customer and get the registry done in the name of prospective customer and once the Registry will be done in the name of customer, the construction activities on the same registered plot will begin. Sequence of activities: Company will...

Dear sir my client purchase sand, stonechips direct from khadan , he does not get any gst bill from khadan, but when he sells this sand and stonechips to big construction project he charges gst and generate gst bill by adding 5% gst and regularly deposited the gst amount to the goverment as out put tax. as he dos not get any gst input tax from khadan he deposited only the output tax. my ques...

In Notification No. 10/2017-Central Tax (Rate) New Delhi (dated 28th June 2017) Govt. notified Margin Scheme for relief to the dealers deals in Second Hand Goods from cascading effect of Tax. I have some queries regarding Margin Scheme. 1. Input Tax Credit on purchases made by dealer who opts Margin Scheme 2. Input Tax Credit to the buyer who buys goods from a dealer opted Margin Scheme. 3...

Hi have created my online webstore . I had linked with some 10-15 suppliers. I also made fb insta and Whatsapp groups and sell through them. When I receive a order in my website or on my social media groups I forward it to my supplier/wholesaler/manufacturer and make full payment. My supplier/ manufacturer ships the product to my customer.I usually sell a Rs 100/- more than the price I got/ the...

I have purchased a flat in Khativali Village of Shahapur Taluka in Thane District and got possession in 2013. As per agreement for sale I was liable to pay maintenance charges @ 1686/- per month for three years from the date of possession of the flat. Even after three years the builder continued the maintenance charges on the pretext that the Co-operative Housing Society would be formed when th...

We were having Service Tax Credit of Rs. 64,090/-. We were wishing to carry forward this credit into GST when GST has been made applicable from 01/07/2017 through GST Trans-1. We have filed Original Service Tax Return of Q1 of F.Y. 2017-18 on 27/07/2017. In the Original ST Return credit figure of above sum has been wrongly shown in utilized cell by mistake. Later on at the time of filing Trans...

I am a Travel agent in Mumbai. If I purchase a Europe package of Rs.10 lakhs for a family from our supplier in India I will have to pay 5% gst to package tour supplier on entire package ie. Total Rs.10,50,000/- including 5% GST, but when I sell this same package to my client will I have to charge GST from my passenger once again on the entier package amount ie.- 10,50,000/- + 25000 my ser...

Hi Team I am an individual looking to start a business of buying and selling online and may look to spin of a offline retail store in a year if it is profitable. At the starting point unsure if it is wise to start as a individual or as a registered firm, the reason being I work alone and do not foresee hiring employees or partners at least in the next 2 years. At the same time, I do want ...

Request to please provide reply to my email on the below request. We have entered into Joint Development Agreement (JDA) in Sept '16 and Supplementary Agreement in April '17 with the details of identified flats with Builder with 50%-50% ratio and the possession of flat will be given to us by end of May 2018. Builder is now insisting us to pay GST on our self occupied flats. I need your guida...

I have booked flat in Oct 2016 and 80% of payment has been made before July 2017 with 4.5% service tax and 1%VAT. Builder is asking me to pay GST @12% on the remaining base payment which causes me extra burden of approx 60,000 INR on the total cost of the flat. I have got an article from CBEC site(http://www.cbec.gov.in/) for more clarification regarding this in which it is said as builder ...

Hi my name is shadab khan and i have some questions related to GST. Let me clear my business model first. My business is dropship products from china to any other country except india. Let me give you brief info on that i have a online ecommerce website and i am posting products on my website from chinese website called aliexpress.com which sells product on wholesale rates. I post products on m...