We are a GTA service provider and the applicable GST rate is 5% with no ITN credit. However all the input services like, Godown rent, consultation services, repairs, Travelling and hotel expenses will attract 18% to 28% input GST with no recourse to the set off. This will substantially push the input cost and is in the nature of tax on tax.
Can the GTA company voluntarily opt for 18% and claim the ITN

A person dealing in Textile trading as well as processed Textile fabrics. What will be the position of credit of stock in hand as on 30/06/2017. Will he be able to taken sgst credit of 40% as mentioned in transitional rule

Sir ,

service is rendered on 25th Jun 2017 , invoice is raised on 3rd july

1) which tax need to be charged by supplier if service is covered under Forward charge ?
2)which tax need to be paid by recipient for this service is same is covered under Reverse Charge ?

3) what will happen when the said service was part of reverse charge in service tax and same is covered under Forward charge in GST ? ( kike supply of manpower , rent a cab)

by Implementation of gst, it will be simpler for anyone who was dealing with multiple tax autorities and it will encourage startups also but only issue will be for wholeseller and retailers that is 2nd point and 3rdpoint dealers, so this levels in goods trading should be bought under some special category so that they can file their returns quartely and pay taxes also quarterly. let the manufacturing class file everymonth . as they will be the first point in collection.and also has manpower.

sir good initiative to clarify on gst,since commissioner office are unable to address query,many private enter with gst solution,they want client,ask to share password.present charges trend is gst registration formality bill is 5000 plus. This is expensive for all the small and medium size shops/traders as complaince expense is much more and hardly some profits will remain in hand for them after taking all the risk. today best is govenment job as they do not have any laiblity nor risk.

The DGFT issues scrips that are freely tradable. At present VAT is payable on selling of such scrips. From 1/7/2017, GST would be payable. I want to know the HSN code to be indicated on the invoices for selling the scrip after 1/7/2017.

sir,huge confusion related to old stock in trade specially small/medium traders,whose purchase is from secondary level,not relate to excise,but valid invoice,what will happen to stock migration,stocks of long period,higher charging will not work,margin is less than 5%,counsel need to recommend tax difference credit to value of declared stock in trade. we need to simplify whole taxation process,not complicate in such that cost of account maintenance will go up,

i am medicine retailer...i have 5.5 lakhs stock as on 31.03.2017 and will have approx the same quantity on 30.06.2017 . I dont have VAT ITC on my returns . Please confirm whether i will be eligible for excise duty tax credit on my existing stock. My purchase invoice does not show excise duty amount.

Sir, Whether we can accumulate ISD Credit for the period April-17 to June-17 and whether we can carry forward the balance as on 30 Jun 2017 to GST Regime OR we are required to distribute it before 30th June.
Returns for ISD (ST-3) are required to be filed every six months; i.e. Returns for Apr-17 to Sep-17 are to be filed on or before 25th October. So, we would not be able to file this return for the period Apr-June as envisaged by Section 140(1). However, section 140(7) should suppport us.

Sir Now My Business Small size foot wear which is exempt but in Gst Foortwear is taxable @ 5% and 12 %
My Closing Stock is Aprox 5 Lakh
In my books itc is Nill
I purchased My Stock Whole sale dealer

When Gst is come my stock price is Zoom and my business is not ready to sale footwear on high value