The case involved the imposition of luxury car tax and GST and the characterisation of the taxpayer’s “purpose” in displaying a number of luxury motor vehicles in a “car museum” in circumstances where each of the vehicles was available for sale and was, in fact, sold. Were the vehicle...
What is the HSN SAC Code of the Worker who Builds or Fabricate the Body in Tipper or Buses and what is it s GST Tax Rate - GST
$30 to $149.99Total sale of $150 or more Your business or trading name or your intermediary's name X X X Invoice date or, if you do not issue an invoice, the date on which the GST/HST is paid or payable X X X Total amount paid or payable ...
(including compensation cess); Sale of vehicles by a registered person who had procured the vehicle prior to July 1 and has not availed any input tax credits of central excise duty, VAT or any other taxes paid on such motor vehicles, would also be subject to 65 percent of applicable GST...
Can we claim TCS on car purchase? TCS (tax collected at source) could have been paid by you if the motor vehicle you purchased wasworth more than Rs 10 lakh. Credit of TCS during the year has to be claimed in your ITR in a manner similar to that for TDS. ... However, one must...
Need a sample format of GST sale invoice of an old vehicle of the company. I have purchased a vehicle whose WDV in today date is 7.5 lac and I sold it for 10 lac. Acc to new GST regime GST will be calculated on profit margin ie 2.5 lac = 30000. Please share the format. ReplyAj...
The said clause (i) has been amended to the effect that services by way of transportation of passengers by an omnibus or any other motor vehicle have also been included therein. 2. A new clause (iii) has been inserted in the notification to include supply of restaurant service other t...
Renting of a motor vehicle provided by any individual or HUF to a business entity Supply of specified goods like gold, silver, or precious stones by an unregistered supplier to a registered person. Why scrap industry? The scrap industry in India is a largely unorganized sector, and many smal...
For GST, credit and debit notes are used to file return and display the revenue and sales made by a business. Here we will understand the role of credit and debit returns, and how are these used for the new GST return which is yet to be implemented.
This fee applies to deliveries made by motor vehicle that involve taxable tangible personal property. Stripe Tax automatically calculates the correct fee and assists with the reporting and filing of taxes, ensuring compliance on invoices. 另见 Understand when you need to collect tax in each ...