Tax questions on GST

Direct purchase of sand from khadan

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...

Clarifications on Margin Scheme.

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...

GST for dropshipping

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...

Gst on maintenance charges

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...

Issue in transferring Service Tax Credit in GST Regime OR Claiming Service Tax Refund

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...

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...