Question : A registered person under GST is supplying manufactured food products to another person. Transportation charges are required to be paid by the supplier but are actually paid by the recipient. Whether this transportation charges would be added in the supply value? Answer: If the supplier is liable to pay any amount in relation… Read More »
Question : A registered person is sending semi-cooked food from his manufacturing unit at Gurgaon to his branch in Delhi. Is he required to pay any tax under GST ? Answer: In accordance with the provisions of section 25(4) of the CGST Act, 2017, branches in different States are considered as distinct persons. Further,… Read More »
Question : If I have multiple manufacturing units in a State/UT, do I have to register all my companies separately or as a group under GST? Answer: You shall be granted a single registration in the State/UT. However, you have the option to take separate registration for each of your business verticals (as defined in… Read More »
Bill No. 155-C of 2017 THE INTEGRATED GOODS AND SERVICES TAX (EXTENSION TO JAMMU AND KASHMIR) BILL, 2017 AS PASSED BY LOK SABHA ON 02.08.2017 Download IGST Extension to J & K Bill 2017 The Lok Sabha on Wednesday passed legislation to extend the Goods and Services Tax (GST) to Jammu and Kashmir, making it part… Read More »
GST FAQ on HSN Codes 1. What is the HSN code and GST rate for lac or shellac bangles? Lac or shellac bangles are classifiable under heading 7117 and attract 3% GST. 2. What is the HSN code and GST rate for kulfi? Kulfi is classifiable under heading 2105 and attracts 18% GST. 3. What… Read More »
Question : We purchase goods from different vendors and are selling them on our website under our own billing. Is TCS required to be collected on such supplies? Answer: No. According to Section 52 of the CGST Act, 2017, TCS is required to be collected on the net value of taxable supplies made through… Read More »
Question : I am a supplier selling my own products through a web site hosted by me. Do I fall under the definition of an “electronic commerce operator” ? Am I required to collect TCS on such supplies ? Answer: As per the definitions in Section 2 (44) and Section 2(45) of the CGST Act,… Read More »
Question : There are sellers who are selling exempted or zero-tax goods like books through ECOs (e-Commerce operators) . Will marketplaces be required to collect TCS on such supplies? Answer: As per Section 52(1) of the CGST Act, 2017 TCS is to be collected on “the net value of taxable supplies” made through an ECO. When… Read More »
Question : GST requires a dealer to maintain a consecutive serial number for invoices. If we are supplying from multiple locations, do we need to centrally maintain the invoice numbers serially? Answer: Rule 46 of the CGST Rules, 2017 provides that invoice may have “a consecutive serial number not exceeding sixteen characters, in one or… Read More »
Question : There are cases in which the ECO (e-Commerce operators) does not provide invoicing solution to the seller. In such cases, invoice is generated by the seller and received by the buyer without ECO getting to know about it. The payment flows through the ECO. In such cases, on what value is TCS to… Read More »