We operate lodges and guest houses in
Bangalore. If foreign tourists stay in the lodges/guesthouses , should we
collect GST? Is there any exemption?
There is no exemption. GST should
compulsorily be collected from the foreign tourists also.
I am dealing in crackers business and my
total turnover per year is around 5 lacs. My purchases and sales are within
Tamilnadu. Should I register under GST ?
Your yearly turnover is below Rs.20 lacs
and your sales is within a State. Therefore, there is no need to register under
We have opted composite scheme under GST. Is there any prohibition to purchase goods
from other states?
There is no bar in procuring from other states. But you cannot make
sales in other states.
I have opted Composition Scheme under
GST. Is it enough, if pay composite tax every quarter?.
For those opted Composition Scheme under
GST, the tax pertaining to the sales in any month, should be remitted within 20th
of the next month. However, he/she must
file the returns once in a quarter.
I am procuring tender coconut in whole
sale and selling to retail sellers. Is there GST for tender coconuts? If so,
what is the percentage?
Tender coconut is
exempted from GST. Therefore, GST need not be collected. But, if the same is
sold as a branded package, then you will have to collect 12% GST.