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Rate of GST and ITC

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..... Rate of GST and ITC
Query (Issue) Started By: - Kaustubh Karandikar Dated:- 18-4-2019 Last Reply Date:- 19-4-2019 Goods and Services Tax - GST
Got 5 Replies
GST
Does HUF have the option of charging 5% on car rental if it does not take ITC? It has mixed income. Office rent and car hire. So, on office rent it will charge 18% and take ITC? On car hire it will charge 5% and not take ITC? .....

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..... Such differential treatment is permissible for a single assessee - depending on the nature of income? Reply By KASTURI SETHI: The Reply: Dear Sir, For correct rate of tax, pl. go through the definition of the phrase, " mixed supply" under Section 2(74) and Section 8(b) of CGST Act, 2017. Also peruse the decisions of AAR, West Bengal reported as 2019 (2) TMI 1605 - AUTHORITY FOR ADVANC .....

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..... E RULING, WEST BENGAL in ref. Sarj Education Centre and AAR, Haryana reported as 2019 (2) TMI 1002 - AUTHORITY FOR ADVANCE RULING, HARYANA in ref. Awla Infra. Peruse all the above conjointly. Reply By Ganeshan Kalyani: The Reply: In my view, Sri Karandikar Sir, must be testing our knowledge or inducing us to participate so that the visitor of this page would be benefited with the answers. Other .....

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..... wise , he has vast experience in Indirect taxation that he may not require to raise query. Rather he will start answering the queries of the querist. It would be more interesting to see him participating and guiding the querist in issues in taxation. Reply By KASTURI SETHI: The Reply: I agree with Sh.Ganeshan Kalyani Ji. Karandikar Sir is a learned person. GST law still being in infancy, he m .....

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..... ust be testing us in the guise of having third opinion, otherwise I am view of the view that he has answers on his tips. It is clear from the high level of his drafting while framing the questions. Reply By Kaustubh Karandikar: The Reply: Respected Shri Ganeshan and Shri Kasturi ji Thanks for the compliments which i am not eligible for and thanks for the time to time guidance on GST issues. But .....

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..... let me humbly say that i myself treat all the time as learner and as rightly said by you, GST being a new born baby, it is always possible to have different views on a particular issue. The whole purpose of putting a query for discussion is to get the views from the knowledgeable persons like you. Thanks. Reply By KASTURI SETHI: The Reply: Respected Sir, I agree with you. Learning is a lifel .....

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..... ong process. I am of the view that if you contribute as an expert, it will further boost the popularity of TMI.
Discussion Forum - Knowledge Sharing .....

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