Businesses with annual turnover up to Rs 1.5 crore can opt for composition scheme.. Ningal PAINT sales alle cheyyunath ? some points: ------------------------- 1)Can’t avail INPUT credit. 2)Can’t charge tax from the consumer (include tax on Price) which means that your buyer will also not get any input tax credit. This may lead to loss of Business consumers. 3)Can’t make Interstate supply. Thus restricting your potential business reach. note: Can Purchase from outside the state. But no interstate sales.. ---------------------------------------------------------------------------------------------------------------- TAX : 1% of the Total turnover of taxable supplies of goods in a state.
Suppose oru company GTA um anu athpole product vilkukayum cheyyunnu ennu vijarikkuka aa sahachariyatil transportation charge is treated as mixed supply or reverse charge? Which one is applicable?
Dont mix all these things.GTA, MIXED SUPPLY AND RCM. Before mixing, First of all, need to study/ identify all these things, individually.This question can't answer in one word.
Sir, oru car inte enthenkilum part service centre il kond maatti...avde appo mattiya parts and installation charge 2um 2 rate of tax alle...ath composite supply anno
Sir board കാണാവുന്ന രീതിയിൽ standing position ആക്കിയാൽ നന്നായിരുന്നു...
Super super class thank you
Thank you Rajesh...
Informative sir.. Thnk you
Thank you Bindu...
Very helpful,sir
Sir super clsss
Thank you DEvilakshmi...
Thank you sir
Thank you Yahya
helpful verymuch
Thank you Arunima
you teach how to record the transactions in tally. Soundar from chennai.
Hi Soundar Ji...thanks...You Know Malayalam ?
fullform of HSN and SAC
Thanking you sir your lessons
and I have one confusions the secondary products tax rate how to claime or not applicable?
Rafeek..question is not clear..
Sir jhn karnadail oru companil ninnu paint vangi kodukkunnud. 6masame ullu 5lak bisnues nadakunnu. Edinu composion gst eduthal tax ethrayanu adakendadhu?
Businesses with annual turnover up to Rs 1.5 crore can opt for composition scheme.. Ningal PAINT sales alle cheyyunath ?
some points:
-------------------------
1)Can’t avail INPUT credit.
2)Can’t charge tax from the consumer (include tax on Price) which means that your buyer will also not get any input tax credit. This may lead to loss of Business consumers.
3)Can’t make Interstate supply. Thus restricting your potential business reach.
note: Can Purchase from outside the state. But no interstate sales..
----------------------------------------------------------------------------------------------------------------
TAX : 1% of the Total turnover of taxable supplies of goods in a state.
Tnks 🥰
Thank you...
😊
Good Rahnas...
Good Rahnas...
Sir,
How to record it in tally
If we are supplied 2 different item have different tax charge how can we charge
Hi Arun, once again view Composite supply and Mixed supply classes...
Suppose oru company GTA um anu athpole product vilkukayum cheyyunnu ennu vijarikkuka aa sahachariyatil transportation charge is treated as mixed supply or reverse charge? Which one is applicable?
Dont mix all these things.GTA, MIXED SUPPLY AND RCM. Before mixing, First of all, need to study/ identify all these things, individually.This question can't answer in one word.
sir, secondary supply ne kkal tax rate kuravu aanenkil main supply cheyunna goods nu varuvanenkil ethu rate edukkanam. eg main supply gst rate 12 %, secondary supply rate 18% aanenkil tax calculate cheyumbol main supply yude rate aaya 12% eduthal mathiyo?
Hi Robin...in my opinion...The Tax rate of Main supply will charge on entire supply...you can confirm with a CA..
Same doubt
Sir, oru car inte enthenkilum part service centre il kond maatti...avde appo mattiya parts and installation charge 2um 2 rate of tax alle...ath composite supply anno
Parts and installation are composite..
@@SUNILSSMARTFINANCEMANAGER k sir
.. Thank u
Thank you sir
THANK YOU YAHYA...
Thank you sir
OK thank you Janish..
Thank you sir