I am operating a Xerox
Copy Center and Western Union Money Transfer Service Center. Our total
transaction amount will be around Rs.3 crores.
For this amount, there will be a commission of Rs.75000/-. To me, is there GST? Should I register for GST?.
If so, how much percentage should be collected?
As per GST Act,
separate rule is there to assess the value of the supply made by the persons
engaged in Foreign Exchange transactions. Under Forex Transactions, the difference
between the value of purchase and sale of foreign currencies will be deemed as
supply. Hence, you need not register for GST.
We have obtained GST
registration. While procuring goods from unregistered persons, should we obtain
Aadhaar number and PAN number from them?
As per GST Act, there
are no such regulations. You need not obtain details such as Aadhaar number and
We are manufacturing handmade
wax match boxes and selling the same. We
sell following our policy of “5 bundles free if 100 bundles are procured”. While
preparing invoice, should the value of free bundles be deducted after totaling
the rate of free bundles and GST on
them or to levy GST on the amount after deducting the value of free
While raising invoice, the
GST is to be levied on the amount after deducting the value of the free items.
For the free supplies, there is no levy of tax.
We are engaged in
construction business activities in various States on contract basis. We do not
have any office in Other States. As GST
is implemented now, should we register for GST separately for each and every
State? Or is it enough to have Single Registration at Head Office?
Service provider should
register from his place of service. For your transactions, there is no need to
register in all the States. It is enough to register in the State where there
is Head Office. While providing your service, you must collect Integrated Goods
and Services Tax (IGST) and remit it.
For our VAT return
pertaining to June 2017, there is no input tax credit. But we are having stock
on hand for Rs.20 lacs. For this stock, can we avail 40% GST (as ITC)?
Under GST Act, the
benefit of Input Tax Credit depends on your VAT returns.
We are procuring only
vegetables in whole sale and supplying to the retailers. On vegetables, zero
percentage of GST is levied. Our annual
turnover will exceed Rs.20 lacs. Should we register for GST?
Since you are selling
zero percentage tax goods i.e. exempted goods only, there is no need to
register for GST.