Have VAT but not Service registration, After migration do I need to apply separately?
Query (Issue) Started By: – susmis666 susmis666 Dated:- 27-6-2017 Last Reply Date:- 2-7-2017 Goods and Services Tax – GST
Got 6 Replies
GST
Hi,
I am a trader and have VAT registration. I was planning to get the service tax registration but didn't do it because of GST being rolled out soon.
After I will be migrated to GST, do I have to file any separate document in order to expand my business activity by including services along with existing trading activities or I can just simply start rendering services and charge service tax as applicable under GST law?
Reply By KASTURI SETHI:
The Reply:
When you are migrated to GST, you supply the
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eit the right of threshold exemption limit.
Reply By Ravikumar muthusamy:
The Reply:
Should dealer raise bill of supply instead of Tax invoice and also does he need to mention anything like Below Threshold limit of 20lakhs TO like composition dealer has to mention in his bill COMPOSTION SCHEME DEALER ?
Also his cost price would be high as he is not availing ITC and his B2B buyers may avoid him if he is not issuing tax invoice. In case he has B2C buyer only then he can opt for Composition scheme .
Kindly also confirm if there is any clause to file his below TO in the monthly returns.
Reply By KASTURI SETHI:
The Reply:
Sh.Ravi Kumar Ji,
I have re-examined the whole issue. If any person whose turnover is below ₹ 20 lakhs and he o
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