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Questions Seeking Answers
- what is the prise of natural gas on this monday or week ? From Commodity Trading Section Asked By: guest
- What is carbon credit and trading? How can i start carbon trading in India? From Bullion Section Asked By: Sundar
- What would you like to ask? From Bullion Section Asked By: Prem
- is the warehouse regulatory authority is formed and what is the address of the authority ? From Bullion Section Asked By: Dr Sanjay Agarwal
- what can be future trend of gargm aug? From Commodity Trading Section Asked By: kailash
- gold aram designs ? From Bullion Section Asked By: guest
- iron ore price ? From Metals Section Asked By: guest
- what are the historical gold prices ? From Bullion Section Asked By: guest
- I will be traveling to Thailand in December and would like to purchas a handfull of gemstones. What are the duty laws? How much of what can one bring back without paying duty, and if there is a duty From Bullion Section Asked By: guest
- what can be future trend of jerra sept? From Commodity Trading Section Asked By: kailash
Question
Do I need to pay sales tax on all trades? Is registration mandatory?
Asked By ghanasyam - Commodity Trading
Answers (1)
No. If the trade is squared off no sales tax is applicable. The sales tax is applicable only in case of trade resulting into delivery. Normally it is the seller's responsibility to collect and pay the sales tax. The sales tax is applicable at the place of delivery. Those who are willing to opt for physical delivery need to have sales tax registration number.
Answered By : syam
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Trading Tips
- Gold retreats on dollar strength fall in risk appetite
- Natural Gas may continue its positive run
- Jeera sowing delayed will support prices
- Profit booking begins for Turmeric
- Chana gets improved spot demand
- Despite Soybean season arrivals too low
- Mentha trading to be volatile today
- Weak overseas demand caps Pepper gains
- Guar may get price support on falling arrivals
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