Is the scanned copy of invoices to be uploaded along with GSTR-1?

Is the scanned copy of invoices to be uploaded along with GSTR-1?
Question 4
Bill
Returns Process and matching of Input Tax Credit
FAQ on GST dated 21.9.2016 based on Draft Model GST
Q 4. Is the scanned copy of invoices to be uploaded along with GSTR-1?
Ans. No, scanned copy of invoices is to be uploaded. Only certain prescribed fields of information from invoices need to be uploaded.
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Statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, T

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What type of outward supply details are to be filed in the return?

What type of outward supply details are to be filed in the return?
Question 3
Bill
Returns Process and matching of Input Tax Credit
FAQ on GST dated 21.9.2016 based on Draft Model GST
Q 3. What type of outward supply details are to be filed in the return?
Ans. A normal registered taxpayer has to file the outward supply details in GSTR-1 in relation to various types of supplies made in a month, namely outward supplies to registered persons, outward supplies to unregistered pers

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Who needs to file Return in GST regime?

Who needs to file Return in GST regime?
Question 2
Bill
Returns Process and matching of Input Tax Credit
FAQ on GST dated 21.9.2016 based on Draft Model GST
Q 2. Who needs to file Return in GST regime?
Ans. Every registered taxable person – who crosses the threshold limit for payment of taxes. A supplier needs to be registered when the aggregate turnover crosses Rs. nine lacs but he become taxable person ONLY when he crosses Rs. ten lacs. So he will be required to file returns

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What is the purpose of returns?

What is the purpose of returns?
Question 1
Bill
Returns Process and matching of Input Tax Credit
FAQ on GST dated 21.9.2016 based on Draft Model GST
Q 1. What is the purpose of returns?
Ans.
a) Mode for transfer of information to tax administration;
b) Compliance verification program of tax administration;
c) Finalization of the tax liabilities of the taxpayer within stipulated period of limitation; to declare tax liability for a given period;
d) Providing necessary in

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What are the consequences of credit distributed in contravention of the provisions of the Act?

What are the consequences of credit distributed in contravention of the provisions of the Act?
Question 17
Bill
Concept of Input Service Distributor in GST
FAQ on GST dated 21.9.2016 based on Draft Model GST
Q 17. What are the consequences of credit distributed in contravention of the provisions of the Act?
Ans. The credit distributed in contravention of provisions of Act could be recovered from the unit to which it is distributed along with interest.
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Statute, statutory

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The credit of tax paid on input service used by more than one supplier is ________ (a) Distributed among the suppliers who used such input service on pro rata basis of turnover in such State. (b) Distributed equally among all the suppliers. (c)

The credit of tax paid on input service used by more than one supplier is ________ (a) Distributed among the suppliers who used such input service on pro rata basis of turnover in such State. (b) Distributed equally among all the suppliers. (c) Distributed only to one supplier. (d) Cannot be distributed.
Question 15
Bill
Concept of Input Service Distributor in GST
FAQ on GST dated 21.9.2016 based on Draft Model GST
Q 15. The credit of tax paid on input service used by more than

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How to distribute common credit among all the units of an ISD?

How to distribute common credit among all the units of an ISD?
Question 12
Bill
Concept of Input Service Distributor in GST
FAQ on GST dated 21.9.2016 based on Draft Model GST
Q 12. How to distribute common credit among all the units of an ISD?
Ans. The common credit used by all the units can be distributed by ISD on pro rata basis i.e. based on the turnover of each unit to the aggregate turnover of all the units to which credit is distributed.
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Statute, statutory provisi

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What are the documents through which the credit can be distributed by an ISD?

What are the documents through which the credit can be distributed by an ISD?
Question 11
Bill
Concept of Input Service Distributor in GST
FAQ on GST dated 21.9.2016 based on Draft Model GST
Q 11. What are the documents through which the credit can be distributed by an ISD?
Ans. The document under which the credit can be distributed is yet to be prescribed. The Act provides that the credit can be distributed only through prescribed document.
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Statute, statutory provisions

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Whether SGST credit can be distributed as IGST credit by an ISD to units located in different States?

Whether SGST credit can be distributed as IGST credit by an ISD to units located in different States?
Question 8
Bill
Concept of Input Service Distributor in GST
FAQ on GST dated 21.9.2016 based on Draft Model GST
Q 8. Whether SGST credit can be distributed as IGST credit by an ISD to units located in different States?
Ans. Yes, an ISD can distribute SGST credit as IGST for the units located in different States.(Section 17(2)
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Whether CGST and IGST credit can be distributed by ISD as IGST credit to units located in different States?

Whether CGST and IGST credit can be distributed by ISD as IGST credit to units located in different States?
Question 7
Bill
Concept of Input Service Distributor in GST
FAQ on GST dated 21.9.2016 based on Draft Model GST
Q 7. Whether CGST and IGST credit can be distributed by ISD as IGST credit to units located in different States?
Ans. Yes, CGST credit can be distributed as IGST and IGST credit can be distributed as IGST by an ISD for the units located in different States (Sect

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What are the provisions for recovery of excess/ wrongly distributed credit by ISD?

What are the provisions for recovery of excess/ wrongly distributed credit by ISD?
Question 6
Bill
Concept of Input Service Distributor in GST
FAQ on GST dated 21.9.2016 based on Draft Model GST
Q 6. What are the provisions for recovery of excess/ wrongly distributed credit by ISD?
Ans. Sections 18(1) and 18(2) provide for recovery of excess/wrongly distributed credit by initiating action against the ISD itself or against the recipient of credit so distributed under section 51

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What are the conditions/restrictions for distribution of credit?

What are the conditions/restrictions for distribution of credit?
Question 3
Bill
Concept of Input Service Distributor in GST
FAQ on GST dated 21.9.2016 based on Draft Model GST
Q 3. What are the conditions/restrictions for distribution of credit?
Ans. The distribution of credit would be done subject to the following conditions:
a) Credit should be distributed through tax invoice or other document as prescribed;
b) Amount of credit distributed should not exceed the amount of

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What are the requirements for registration as ISD?

What are the requirements for registration as ISD?
Question 2
Bill
Concept of Input Service Distributor in GST
FAQ on GST dated 21.9.2016 based on Draft Model GST
Q 2. What are the requirements for registration as ISD?
Ans. An ISD is required to obtain registration as a deemed supplier of services [section 19 read with para 5(vii) of Schedule III]. The threshold limit of registration is not applicable to ISD. The registration of ISD under the existing regime (i.e. under Service

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What is Input Service Distributor (ISD)?

What is Input Service Distributor (ISD)?
Question 1
Bill
Concept of Input Service Distributor in GST
FAQ on GST dated 21.9.2016 based on Draft Model GST
Q 1. What is Input Service Distributor (ISD)?
Ans. As per Section 2(56) of MGL, ISD means an office of the supplier of goods and / or services which receives tax invoices issued under section 23 towards receipt of input services and issues tax invoice or such other document as prescribed for the purposes of distributing the cre

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What will be the tax impact when capital goods on which ITC has been taken are supplied by taxable person?

What will be the tax impact when capital goods on which ITC has been taken are supplied by taxable person?
Question 31
Bill
Input Tax Credit
FAQ on GST dated 21.9.2016 based on Draft Model GST
Q 31. What will be the tax impact when capital goods on which ITC has been taken are supplied by taxable person?
Ans. As per section 16(15) of the MGL, in case of supply of capital goods on which input tax credit has been taken, the registered taxable person shall pay an amount equal to t

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Section 29 of the MGL provides that the ITC would be confirmed only if the inward details filed by the recipient are matched with the outward details furnished by the supplier in his valid return. What happens if there is a mismatch?

Section 29 of the MGL provides that the ITC would be confirmed only if the inward details filed by the recipient are matched with the outward details furnished by the supplier in his valid return. What happens if there is a mismatch?
Question 30
Bill
Input Tax Credit
FAQ on GST dated 21.9.2016 based on Draft Model GST
Q 30. Section 29 of the MGL provides that the ITC would be confirmed only if the inward details filed by the recipient are matched with the outward details furnish

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Is there any negative list on which ITC is not permitted?

Is there any negative list on which ITC is not permitted?
Question 29
Bill
Input Tax Credit
FAQ on GST dated 21.9.2016 based on Draft Model GST
Q 29. Is there any negative list on which ITC is not permitted?
Ans. Section 16 (9) of the MGL provides for the negative list with respect to the admissibility of ITC. It has been provided that the ITC on following items cannot be availed:
(a) motor vehicles, except when they are supplied in the usual course of business or are used for providing the following taxable services- (i) transportation of passengers, or
(ii) transportation of goods, or
(iii) imparting training on motor driving skills;
(b) goods and / or services provided in relation to food and beverages, outdoor ca

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