We are running a
charitable trust. We have built a marriage hall and let it for rent. In this
circumstance, should we collect GST on that rent?
If you have got exemption from Income Tax Act and if the hall rent per day also does not exceed
Rs.10000/-, you need not collect GST.
With a wrong PAN Number,
we obtained GST registration through migration procedure. Now can we change the
You cannot change the
PAN number. You must obtain new GST Number.
On Capital Goods, I
obtained Input Tax Credit and recorded it also. If I sell those capital goods, what will be
the tax impact on it?
During the purchase of
capital goods, a registered person receives reduction equivalent to the
percentage of ITC or there is the tax on the sale of capital goods. Of the two,
reduction or the tax, whichever is higher, he has to remit.
We have obtained prior
registration for the supply. Should we collect tax for such prior registration
Yes. The supplier who
obtained prior registration for the supplies must remit GST.
I am a person from
Information Technology remitting tax. If motor vehicle is purchased for the use
of Managing Directors, can we avail input tax credit on the GST?
You cannot avail. If the motor vehicle belongs to a Passenger
Transport Company or Cargo Transport Company or an Institution giving motor
training, then one can avail the Input Tax Credit on the vehicle. Being in IT
industry, even if you purchase a vehicle for the office use, you cannot get
Input tax credit.
I am engaged in
supplies. Is there GST for the discounts provided during supplies?
There is no GST on the
discounts of the supplies made on prior agreement.
I am a worker
undertaking job works. Should I register for GST compulsorily?
As the job works are
service in nature, you have to register
if your annual income is greater than what it was at your earlier stage. Otherwise, you need not
register for GST
Should GST to be levied
on the essential goods supplied through Charitable Trust?
If transactions are meant
to increase the business, tax will be levied under GST Act for the goods
supplied. If the procurement and supplies to Charitable Trust are not in the
nature of business, tax will not be levied under GST.