You have said
previously that tax need not be remitted upto Rs.5000/- per day on reverse
charge basis. There is a doubt on it. If an unregistered person provides a bill
for Rs.6000/- should reverse charge tax be paid for Rs.5000/- or for the bill
amount of Rs.6000/-?
If the total value of
all supplies by unregistered persons to a registered person is upto Rs.5000/- in
a day, there is no need to remit tax
under reverse charge basis. In the above referred transaction, tax must be
remitted under reverse charge basis for Rs.6000/-.
We are engaged in
mobile phone sales. Now, we have made interior decorations in our shop to
modify it. Can we avail Input Tax Credit (ITC) on the GST in it?
Input Tax credit (ITC) can
be availed for all the supplies received from a registered person for business
sake. The tax you remitted for the interior decorations you referred above, can
be availed as Input Tax Credit (ITC).
I am engaged in Pump
Business. I have obtained GST registration for it. I own a marriage hall. The
annual income from that is less than Rs.10 lacs. In this circumstance, while
letting the marriage hall, should GST be collected?
Even if the annual
income from your marriage hall is less than Rs.10 lacs, since you are a
registered person, GST must be collected and remitted to Government, while
letting the marriage hall. You must collect CGST 9% and SGST 9%.
Is there any
restriction in GST Act to an unregistered person for procuring goods from Other
States? Because, Other State sellers say that they will send the goods only if
registered. For this, we need your explanation.
There is no such
restriction in GST. Except from selling
to Other States, there is no restriction to unregistered persons for procuring.
You can explain this to your supplier and procure the goods. It will have no
impact on him.
Your Q & A on GST
is very useful to us. We are operating a courier service establishment. We have
obtained GST registration for that. Now we have proposed to commence the
security and job placement services. For this, should we obtain GST
registration separately? For this how much percentage of GST will be
Thank you for your
appreciation. You need not obtain new registration for the proposed new services. You can provide the security and job
placement services through your existing GST registration number. While billing
for it, 18% tax must be levied.