Tax questions on GST

Sub agent tour operator

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...

Gstin

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 ...

Gst liability of landowners in jda

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...

GST on the flat booked before GST implementation

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 ...

Is it GST mandatory On Dropshipping Business?

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...

Payment of GST on Works Contract

Sir, I am a Government electrical contractor, in the past 3 months back i have taken a contract of Rs.8.64 Lakh of Supplying & erection of pumping machinery for water supply purpose. In this contract, I have purchased Pumps, Motors, Cables, Control panels and starter by paying GST. I have paid GST of 12% for Pump & Motor and 18% for Cables, Control panels and starter. I have feed the details of...

Getting Started with Drop-Shipping in India

Hey there. I'm an Indian resident, planning to start a drop-shipping business on a niche category by creating an online store. This is my first time trying to sell anything online. I'm also not aware of the legal requirements to setup a drop-shipping store in India. I do not have a registered company, nor a current account or GST registration. Can I still make a store and start selling onl...

Shall i pay taxes for dropshipping business?

Hi, We are going to launch our LLP business for our drop shipping. Here we act as a mediator between the customer and the wholesalers from china. Please check below info about our business model. Customer from other country such as USA, UK, Germany will place order on our site using PayPal. That amount will go to our PayPal account. Once the order is placed by customer than we will...

GST for my online Hotel Booking website

Hello All, I am starting my online website which will sale hotel rooms available in 160 countries and will be available for customers to book hotel rooms world wide. (just like booking.com or makemytrip.com but my website will only focus on hotels) Now, I am getting all the hotel rooms from wholesaler (not directly from the hotel) and I will be adding my mark-up and selling them on my web...

Urgent help needed

Query for CA 1-I am a part time management consultant. I was having Serv tax number and regularly did that. Before introduction of gst ,in that and preceding year, my turnover was less than 10 lacs and So, I wanted to apply for Serv tax deregistration. 2- In the meanwhile provisional gst was allotted automatically and the person helping me made me collect and deposit gst (staying that ca...