Goods and Services Tax – GST – Dated:- 11-12-2017 – Q. I am restaurant owner and also have supply of some other services worth ₹ 1 lakh Am I eligible for composition scheme? Ans. No. Please refer to Section 10 of CGST Act. Q. Challan for job work in form ITC-04 needs to be filed by 25th of next quarter. Is there any provision of relaxation in it? Ans. Yes. Please refer to the Notification No. 51/2017-Central Tax Q. What is taxable value in case of export under LUT or bond as shipping bill show taxable value not applicable in filling GSTR 1. Which value whether FOB value or CFR/CIF or invoice value consider as taxable value? Ans. Valuation needs to be done on basis of section 15 of CGST Act & Chapter IV of CGST Rules. The same wou
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e are a private ltd co registered in India. Our Parent company is in Europe. We supply ITES services to our parent co in Europe. Query: Whether the services provided by us to our parent co will be treated as Export Services as per GST Act…? Please clarify. Ans. No as they will be treated as distinct entity. Q. I am a transporter and does not need to get registered in GST. But, I do business with registered persons. Do I have to maintain any details? Ans. Yes. Please refer to Chapter VIII-Accounts & Records of CGST Act. Q. I need advance ruling on my business (supply)? Online process is not working. Need guidance Ans. Manual application can be given. Please refer to Notification no. 55/2017-Central Tax. A new rule 107A has been ad
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