Goods and Services Tax

HSN Code to be assigned for Composite/Mixed Supplies

Goods and Services Tax – Started By: – Latha Rao – Dated:- 14-12-2017 Last Replied Date:- 15-12-2017 – Hi ProfessionalsWe would like to know, which HSN code should be assigned in case of composite/mixed supplies, as the items bundled have different HSN codes.The professionals have clarified on the GST rate applicable.Request you to clarify.Thanks &…

Incentives as Discounts

Goods and Services Tax – GST – By: – CA Akash Phophalia – Dated:- 14-12-2017 – Section 15 states about the valuation principles under GST. Section 15(3) reads as under – Section 15(3) The value of the supply shall not include any discount which is given-
 (a) before or at the time of the supply…

Queries related to GST

Goods and Services Tax – Started By: – Shreyansh Agrawal – Dated:- 13-12-2017 – Dear Experts, I have queries related to GST : 1. Dealer who are required to file GST quarterly return, whether Form is available in portal? (I have seen in portal but no such form found) or whether we have to file…

REVESE CHARGES CHARGES APPLICABLE IN GST

Goods and Services Tax – Started By: – OM PRAKASH – Dated:- 13-12-2017 Last Replied Date:- 14-12-2017 – I would like to know that.is reverse charges is applicable in GST or not? Thanking youOMPRAKASH9999026807 – Reply By SHIVKUMAR SHARMA – The Reply = Reverse charges applicable on Specific Services Like Legal fees ,Goods Transport Service…

GST on employee reimbursement

Goods and Services Tax – Started By: – Archna Gupta – Dated:- 13-12-2017 Last Replied Date:- 13-12-2017 – Please reply to my below mentioned query:Suppose the employer is a company and its employees incur certain expenditure such as local conveyance, travelling expenses, boarding & lodging for office work or any other expenses on behalf of…

advance authorisation

advance authorisation – Goods and Services Tax – Started By: – arun aggarwal – Dated:- 13-12-2017 – SirA unit/firm can have multiple GST nos in the country as at different places but have only one IEC = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = =…

Frequently Asked Questions – GST

Goods and Services Tax – GST – Dated:- 13-12-2017 – Q. Whether RCM is applicable for the professional services rendered by director of a company to the same company? Ans. Yes Pls refer to notification no. 13/2017-CT(Rate) dated 28.06.2017 Q. As per the decision taken in 23rd GST Council meeting, GST rate for Composition dealers…

GST – Provisional release of detained goods – When the statute itself provides for a mechanism (for adjudication following detention of goods including for the provisional release thereof pending adjudication), a deviation therefrom cannot be or

Goods and Services Tax – GST – Provisional release of detained goods – When the statute itself provides for a mechanism (for adjudication following detention of goods including for the provisional rel = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = = = = =…

Favouring Waves – Service Providers

Goods and Services Tax – GST – By: – CA Akash Phophalia – Dated:- 13-12-2017 Last Replied Date:- 13-12-2017 – Goods and services tax was made effective from 1st July 2017. The law when introduced has made a sea-over change as to taxability of services which can be explained in the following points to large…

GIST OF RECENT PRONOUNCEMENTS ON GST (PART-III)

Goods and Services Tax – GST – By: – Dr. Sanjiv Agarwal – Dated:- 13-12-2017 – Goods and Services Tax (GST), introduced from July 1, 2017 is over 150 days old and has resulted in operational and implementation issues affecting all stakeholders. GST law, as drafted and legislated, is not free from the interpretational hassles.…

Export of services under LUT

Goods and Services Tax – Started By: – Archna Gupta – Dated:- 13-12-2017 Last Replied Date:- 14-12-2017 – Dear Experts,Please clarify that can we export without charging IGST in the following cases:1. Suppose we have exported services and raised invoice in November and Application for LUT filed in December, in that case the export which…

credit reversal

Goods and Services Tax – Started By: – knr varma – Dated:- 12-12-2017 Last Replied Date:- 13-12-2017 – manufacturing company manufacturing taxable and exempted goods(exemple. PAPPAD) , company purchased capital goods( Truck for transporting goods Gst 28%+Cess), packing material ( Gst 18%).above case company can claim gst input tax credit 100% on capital goods and…

Zero Rated Supplies to EOU/SEZ

Goods and Services Tax – Started By: – Rakesh Agarwal – Dated:- 12-12-2017 Last Replied Date:- 12-12-2017 – Dear Sir, We are manufacturers & want to supply goods to EOU/SEZ without charging them IGST. In earlier pre-GST regime, we used to supply against CT3. Is there any provision for EOU/SEZ for the same ? Best…

Rejection and replacement i mixed supply under GST

Goods and Services Tax – Started By: – GOPAL CHOWDHURY – Dated:- 12-12-2017 Last Replied Date:- 13-12-2017 – Dear All,We have send bought out goods including out final product in a complete set consisting of few different items charging GST under mixed supply basis at the higher rate, but later on the customer reject few…

GST ON ADVANCE RECIEPTS

Goods and Services Tax – Started By: – OM PRAKASH – Dated:- 12-12-2017 Last Replied Date:- 13-12-2017 – PLEASE UPDATE ……IT IS NECESSARY TO DEPOSITED TAX ON ADVANCE PAYMENT – Reply By Somil Bhansali – The Reply = In case of supply of service ,supplier is liable to pay tax on the amount of advance…

GST Return Filing Software

GST Return Filing Software – Goods and Services Tax – Started By: – sagar saraswi – Dated:- 12-12-2017 Last Replied Date:- 13-12-2017 – Main challenges which we face with GST return filing are : Real = = = = = = = = Plain text (Extract) onlyFor full text:-Visit the Source = = = =…

SALES RETURNED UNDER GST

Goods and Services Tax – Started By: – SURYAKANT MITHBAVKAR – Dated:- 12-12-2017 Last Replied Date:- 13-12-2017 – We are manufacture of pharma machinery. We have cleared machine to customer located in Kolkata in month of June-17 with payment of Excise Duty & Central Sales Tax. Now, our customer has rejected the machine and he…

Filing of Form TRAN-I to avail Input Tax Credit

Goods and Services Tax – GST – Dated:- 12-12-2017 – Transition to GST provided for trust based transition of input tax credit of the existing taxpayers. A tax payer could file Form TRAN-1 and avail input tax credit on the basis of closing balance of the input tax credit declared in the last return under…

Frequently Asked Questions – GST

Goods and Services Tax – GST – Dated:- 12-12-2017 – Q. Several amendments have been made to CGST Rules. It is confusing to comprehend all notifications. Please guide. Ans. Comprehensive document of rules available at – http://www.cbec.gov.in/resources//htdocs-cbec/gst/cgst-rules-15112017.pdf Q. I am representative of OIDAR. Do I have separate provision for invoicing? Ans. No. Invoicing needs to…

Submission of GSTR-1

Goods and Services Tax – Started By: – Manish Sulakshane – Dated:- 12-12-2017 Last Replied Date:- 13-12-2017 – Dear Sir, Following is the Query – when filing of GSTR-1 Return Error! GSTR-1 Save/action on Counterparty Invoices/Submit are not allowed for current date. What is the solution – Reply By KASTURI SETHI – The Reply =…

Advance ruling under GST

Goods and Services Tax – GST – By: – CA Venkata prasad Pasupuleti – Dated:- 12-12-2017 – What is Advance ruling? Advance ruling means a decision/ruling given to the applicant by the constituted authority on the matters relating GST provisions like registration requirement, exemptions, classification, valuation, ITC etc. Unlike old Central indirect taxes (Central Excise,…

Extension of time to file GSTR-1 quaterly

GST – States – 57/2017-State Tax – Dated:- 12-12-2017 – FINANCE (REVENUE-1) DEPARTMENT NOTIFICATION No. 57/2017-State Tax Delhi, the 12th December, 2017 No. F. 3(70)/Fin(Rev-1)/2017-18/DS-VI/808.-In exercise of the powers conferred by section 148 of the Delhi Goods and Services Tax Act, 2017 (Delhi Act 03 of 2017) , the Lt. Governor of the National Capital…