Author: admin_gst

What would happen of the ITC taken by the registered person if he has not paid the consideration along with tax within 180 days from the date of issue of invoice?

What would happen of the ITC taken by the registered person if he has not paid the consideration along with tax within 180 days from the date of issue of invoice?
Question 8
Bill
Input Tax Credit
Faq On GST (2nd Edition) Dated 31.3.2017
Q 8. What would happen of the ITC taken by the registered person if he has not paid the consideration along with tax within 180 days from the date of issue of invoice?
Ans. The amount of ITC would be added to output tax liability of the perso

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Can a person take input tax credit without payment of consideration for the supply along with tax to the supplier?

Can a person take input tax credit without payment of consideration for the supply along with tax to the supplier?
Question 7
Bill
Input Tax Credit
Faq On GST (2nd Edition) Dated 31.3.2017
Q 7. Can a person take input tax credit without payment of consideration for the supply along with tax to the supplier?
Ans. Yes, the recipient can take ITC. But he is required to pay the consideration along with tax within 180 days from the date of issue of invoice. This condition is not

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Where the goods against an invoice are received in lots or instalments, how will a registered person be entitled to ITC?

Where the goods against an invoice are received in lots or instalments, how will a registered person be entitled to ITC?
Question 6
Bill
Input Tax Credit
Faq On GST (2nd Edition) Dated 31.3.2017
Q 6. Where the goods against an invoice are received in lots or instalments, how will a registered person be entitled to ITC?
Ans. The registered person shall be entitled to the credit only upon receipt of the last lot or installment.
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What are the conditions necessary for obtaining ITC?

What are the conditions necessary for obtaining ITC?
Question 5
Bill
Input Tax Credit
Faq On GST (2nd Edition) Dated 31.3.2017
Q 5. What are the conditions necessary for obtaining ITC?
Ans. Following four conditions are to be satisfied by the registered taxable person for obtaining ITC:
(a) he is in possession of tax invoice or debit note or such other tax paying documents as may be prescribed;
(b) he has received the goods or services or both;
(c) the supplier has actu

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Is credit of all input tax charged on supply of goods or services allowed under GST?

Is credit of all input tax charged on supply of goods or services allowed under GST?
Question 4
Bill
Input Tax Credit
Faq On GST (2nd Edition) Dated 31.3.2017
Q 4. Is credit of all input tax charged on supply of goods or services allowed under GST?
Ans. A registered person is entitled to take credit of input tax charged on supply of goods or services or both to him which are used or intended to be used in the course or furtherance of business, subject to other conditions and

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Does input tax includes tax (CGST/IGST/SGST) paid on input goods, input services and capital goods?

Does input tax includes tax (CGST/IGST/SGST) paid on input goods, input services and capital goods?
Question 3
Bill
Input Tax Credit
Faq On GST (2nd Edition) Dated 31.3.2017
Q 3. Does input tax includes tax (CGST/IGST/SGST) paid on input goods, input services and capital goods?
Ans. Yes, it includes taxes paid on input goods, input services and capital goods. Credit of tax paid on capital goods is permitted to be availed in one instalment.
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What is input tax?

What is input tax?
Question 1
Bill
Input Tax Credit
Faq On GST (2nd Edition) Dated 31.3.2017
10. Input Tax Credit
Q 1. What is input tax?
Ans. Input tax means the central tax (CGST), State tax (SGST), integrated tax (IGST) or Union territory tax (UTGST) charged on supply of goods or services or both made to a registered person. It also includes tax paid on reverse charge basis and integrated tax goods and services tax charged on import of goods. It does not include tax paid

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Should job worker and principal be located in same State or Union territory?

Should job worker and principal be located in same State or Union territory?
Question 16
Bill
Job Work
Faq On GST (2nd Edition) Dated 31.3.2017
Q 16. Should job worker and principal be located in same State or Union territory?
Ans. No this is not necessary as provisions relating to job work have been adopted in the IGST Act as well as in UTGST Act and therefore job-worker and principal can be located either is same State or in same Union Territory or in different States or Uni

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Is it compulsory that job work provisions should be followed by the principal?

Is it compulsory that job work provisions should be followed by the principal?
Question 15
Bill
Job Work
Faq On GST (2nd Edition) Dated 31.3.2017
Q 15. Is it compulsory that job work provisions should be followed by the principal?
Ans. No. The principal can send the inputs or capital goods after payment of GST without following the special procedure. In such a case, the job-worker would take the input tax credit and supply back the processed goods (after completion of job-work

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Are the provisions of job work applicable to all categories of goods?

Are the provisions of job work applicable to all categories of goods?
Question 14
Bill
Job Work
Faq On GST (2nd Edition) Dated 31.3.2017
Q 14. Are the provisions of job work applicable to all categories of goods?
Ans. No. The provisions relating to job work are applicable only when registered taxable person intends to send taxable goods. In other words, these provisions are not applicable to exempted or non-taxable goods or when the sender is a person other than registered tax

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What would be treatment of the waste and scrap generated during the job work?

What would be treatment of the waste and scrap generated during the job work?
Question 11
Bill
Job Work
Faq On GST (2nd Edition) Dated 31.3.2017
Q 11. What would be treatment of the waste and scrap generated during the job work?
Ans. The waste and scrap generated during the job work can be supplied by the job worker directly from his place of business, on payment of tax, if he is registered. If he is not registered, the same would be supplied by the principal on payment of tax

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Some capital goods like jigs and fixtures are non -usable after their use and normally sold as scrap. What is the treatment of such items in job work provisions?

Some capital goods like jigs and fixtures are non -usable after their use and normally sold as scrap. What is the treatment of such items in job work provisions?
Question 10
Bill
Job Work
Faq On GST (2nd Edition) Dated 31.3.2017
Q 10. Some capital goods like jigs and fixtures are non -usable after their use and normally sold as scrap. What is the treatment of such items in job work provisions?
Ans. The condition of bringing back capital goods within three years is not applicab

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What happens when the inputs or capital goods are not received back or supplied from the place of business of job worker within prescribed time period?

What happens when the inputs or capital goods are not received back or supplied from the place of business of job worker within prescribed time period?
Question 9
Bill
Job Work
Faq On GST (2nd Edition) Dated 31.3.2017
Q 9. What happens when the inputs or capital goods are not received back or supplied from the place of business of job worker within prescribed time period?
Ans. If the inputs or capital goods are not received back by the principal or are not supplied from the pl

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What are the provisions concerning taking of ITC in respect of inputs/capital goods sent to a job worker?

What are the provisions concerning taking of ITC in respect of inputs/capital goods sent to a job worker?
Question 8
Bill
Job Work
Faq On GST (2nd Edition) Dated 31.3.2017
Q 8. What are the provisions concerning taking of ITC in respect of inputs/capital goods sent to a job worker?
Ans. Principal shall be entitled to take credit of taxes paid on inputs or capital goods sent to a job worker whether sent after receiving them at his place of business or even when such the inputs

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Under what circumstances can the principal directly supply goods from the premises of job worker without declaring the premises of job worker as his additional place of business?

Under what circumstances can the principal directly supply goods from the premises of job worker without declaring the premises of job worker as his additional place of business?
Question 7
Bill
Job Work
Faq On GST (2nd Edition) Dated 31.3.2017
Q 7. Under what circumstances can the principal directly supply goods from the premises of job worker without declaring the premises of job worker as his additional place of business?
Ans. The goods can be supplied directly from the pla

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Can the principal supply the goods directly from the premises of the job worker without bringing it back to his own premises?

Can the principal supply the goods directly from the premises of the job worker without bringing it back to his own premises?
Question 6
Bill
Job Work
Faq On GST (2nd Edition) Dated 31.3.2017
Q 6. Can the principal supply the goods directly from the premises of the job worker without bringing it back to his own premises?
Ans. Yes. But the principal should have declared the premises of an unregistered job worker as his additional place of business. If the job worker is a regist

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Can a principal send inputs and capital goods directly to the premises of job worker without bringing it to his premises?

Can a principal send inputs and capital goods directly to the premises of job worker without bringing it to his premises?
Question 5
Bill
Job Work
Faq On GST (2nd Edition) Dated 31.3.2017
Q 5. Can a principal send inputs and capital goods directly to the premises of job worker without bringing it to his premises?
Ans. Yes, the principal is allowed to do so. The input tax credit of tax paid on inputs or capital goods can also be availed by the principal in such a scenario. The

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Whether the goods of principal directly supplied from the job worker’s premises will be included in the aggregate turnover of the job worker?

Whether the goods of principal directly supplied from the job worker’s premises will be included in the aggregate turnover of the job worker?
Question 4
Bill
Job Work
Faq On GST (2nd Edition) Dated 31.3.2017
Q 4. Whether the goods of principal directly supplied from the job worker's premises will be included in the aggregate turnover of the job worker?
Ans. No. It will be included in the aggregate turnover of the principal. However, the value of goods or services used by the

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Whether goods sent by a taxable person to a job worker will be treated as supply and liable to GST? Why?

Whether goods sent by a taxable person to a job worker will be treated as supply and liable to GST? Why?
Question 2
Bill
Job Work
Faq On GST (2nd Edition) Dated 31.3.2017
Q 2. Whether goods sent by a taxable person to a job worker will be treated as supply and liable to GST? Why?
Ans. It will be treated as a supply as supply includes all forms of supply such as sale, transfer, etc. However, the registered taxable person (the principal), under intimation and subject to such con

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What is job work?

What is job work?
Question 1
Bill
Job Work
Faq On GST (2nd Edition) Dated 31.3.2017
9. Job Work
Q 1. Q 1. What is job work?
Ans. Job work means undertaking any treatment or process by a person on goods belonging to another registered taxable person. The person who is treating or processing the goods belonging to other person is called 'job worker' and the person to whom the goods belongs is called 'principal'.
This definition is much wider than the one given in Notification

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Are there any additional powers to tax officers available?

Are there any additional powers to tax officers available?
Question 17
Bill
Electronic Commerce
Faq On GST (2nd Edition) Dated 31.3.2017
Q 17. Are there any additional powers to tax officers available?
Ans. Any authority not below the rank of Deputy Commissioner may issue a notice to the electronic operator to furnish specified details within a period of 15 working days from the date of service of such notice.
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