Q: Whether IGST credit of Maharashtra can be utilized against the liability of Gujarat? IGST credit fungibility exists across IGST, CGST and SGST, but limited to the registered person ITC pool cannot be cross utilized amongst distinct persons. [ Reply on 05.06.2017 at 5.16 am as per Twitter Account of Govt of India for GST queries of… Read More »
Q: sir we have one manufacturing unit & one sales branch in same state . Do we need seprate registration of both ? No [ Reply as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read Other related GST Questions / Queries replied
Q: Supplies outside taxable territory and one of the conditions for export not met.IGST leviable? If supplier is located in India and place of supply is outside India, then it is an inter-state supply under Section 7(5)(a) of IGST Act and no GST is leviable. If conditions of export are not met and tax is… Read More »
Q we are registered in Punjab in textile, having let out property in Mumbai. Whether we require registration in maharastra also ? Yes. Taxable supply of renting is being provided from Maharashtra, hence registration required in Maharashtra. [ Reply as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read Other related GST… Read More »
Q : what’s about Mandi Samiti tax in GST it’s continue or not? Mandi samiti tax is in nature of taxes/fees levied by local bodies. Outside the purview of GST. They will continue as not subsumed in GST. [ Reply as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read Other related… Read More »
Q :Is RCM [ Reverse Charge Mechanism ] to be paid or self invoice to be raised for purchases of goods from unregistered dealers ? Under CGST Act, Section 9(4) requires the registered recipient to pay on RCM when recieving from unregistered person and Section 31(3)(f) of the said Act requires the registered recipient to… Read More »
Q : Are goods purchases from unregistered dealers to be reported in monthly returns? Yes. Section 38(2) of CGST Act requires declaration of inward supply details including those liable under RCM [ Reverse Charge Mechanism ], which includes purchases from unregistered persons under Section 9(4) of CGST Act. [ Reply on 05.06.2017 at 2: 40 am… Read More »
Q: What about refund for inverted tax structure? How fast it will be available? Refund for inverted duty structure (except nil rated or fully exempt supplies) is provided under Section 54(3).Available within 60 days from date of receipt of application complete in all respects. [ Reply on 05.06.2017 at 2.19 am as per Twitter Account of Govt… Read More »
Q: whether invoice under Section 31(3)(f) to be issued for import of services where reverse charge is applicable? Yes. Section 31(3)(f) of CGST Act requires the registered recipient to issue an invoice in case of RCM [ Reverse Charge Mechanism). [ Reply as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read… Read More »
Q Can we carry forward the credit of CVD and SAD paid on goods imported by HO [ Head Office ], if such goods are lying at branches located … If it was a Centralized registration and the CENVAT credit taken on the goods imported is indicated in the last return, it can be carried… Read More »