We have been alloted a work order for integrated power development project by Pujnjab state power corporation. The first part of the work order pertains to the supply of material portion and the second part is for erection installation and commissioning of the material . Now my query is as under:- 1. What will be the rate of applicable GST 2. Should we quote HSN code of the individual items to be supplied for the supply portion or SAC no. For the contract work will have to be quoted only both for supply as we’ll as erection portion of the work contract more
Many thanks to all for your response. I was quite sure of the GST rules on packaged FMCG but wanted confirmation from my LocalCircles community. Mr Virmani, since you are with Jago Grahak Jago, could you please guide me on what redressal steps I can take to bring the erring company to book. This is a large company - Amway, with an annual turnover of more than ₹200 crore. I will be writing a separate post since I cannot attach the bill in this post. So grateful if you could kindly advise on next steps. more
Maximum Retail Price by its very name indicates that no further amounts are chargeable beyond it. This is why many manufacturers like Patanjali had to resort to fresh packaging. L.Kalavathi Retd. Bank Official Chennai, Tamilnadu, India 8th March, 2018 more
MRP as the term connotes is Maximum Retail Price, which is the printed price after all taxes. so there will be no tax charged on MRP. for the purpose for remittance of tax, the retailer, will have to back work the GST and remit to the Government. ITC can be taken on their purchase price. more
Nephew had applied for GST cancellation a couple of months back but continues to receive notices from GSTN for failure to file monthly return. His accountant tells him that GST office will not proc...
7 years post the launch of GST I must tell you that most retail services businesses in India still evade it and Govt has failed to do anything. From ac repair fellow to caterers and from...
My cousin’s friend runs a local bakery in Goa. He accepts only CASH. No UPI/CC/Debit Card-- nothing! Logic: if he accepts anything in 'white', he will pay around...
Interesting how poor people and commoners pay GST on pretty much everything they buy from biscuits to namkeen, milk to grocery And rich buys iPhone, Luxury Cars, etc as Business Expenses...
Cut & polished diamonds are charged 1.5% GST. Flour & curd are charged 5% GST. Diamond walas can fund politics but aate dahi doodh walas can’t?? Plea...
The GST Council has recommended 5% GST on dairy items like pre- packed, pre-labeled curd, lassi and butter milk and increasing GST on dairy machinery and milking machines from 12% to 18%. This move...
Bicycle will attract a GST rate of 12%, but diamonds will attract only 0.25%. At a time when people aren't able to afford petrol & the poor are forced to commute on cycles, the govt charges 12%...
The Private tutors and coaching classes runners should be registered by the local authorities like Panchayats, municipalities and metros through simple forms with names, addresses of operators, the...
Rs6.14 lakh crore as input tax credit (ITC) remains blocked under Rule 86A by the tax authorities without any due process being followed. Attached is data by state. Can LocalCircles take up this is...
Dear All, I live in an affordable housing society under PMAY in Gurgaon for the past two years. Maintenance is supposed to be free for five years. Builder has increased CAM charges twic...
By Gloria Joseph
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