Q.22 How to send equipment and instruments to manufacturers’ factory for repairs and calibration with in India on returnable basis? – No sale is involved. Ans Challan for movement of goods without supply is to be issued in terms of Rule 55 of CGST Rules. Related GST FAQ GST FAQ on Composition, Exports, Invoice and Returns… Read More »
Q.21 Under GST, how to send demonstration equipment and instruments to customers or branch offices with in India on returnable basis? – No sale is involved Ans As the goods are sent on returnable basis and no transfer of title is involved, it is not a supply of goods. If some element of service is involved, the… Read More »
Q.20 How the invoicing should be done for free goods given along with sale so that corresponding input tax credit is not required to be reversed for products under scheme? Ans Invoice value would include value of all goods including those supplied free. In such cases, ITC is not required to be reversed. Related GST FAQ… Read More »
Q.18 What is the procedure/documents required for sending free replacement to the customers at free of cost? Ans Where free replacement is provided to the customers without consideration under warranty, no GST is chargeable on such replacement. In such cases goods may be sent on delivery challan as provided in rule 55 of the CGST Rules, 2017.… Read More »
Q.15 Would head offices providing centralized HR, Finance and IT functions also need to raise invoices to its branches? Ans Yes, if the head office and branches are distinct persons as specified in Section 25(4) of CGST Act, 2017 invoice is required to be issued and GST should also be paid. Related GST FAQ GST FAQ… Read More »
Q.13 If an Assessee has two or more units with single registration under GST, how the invoices are to be maintained viz., separate invoices unit wise or single invoice for all units? Ans He can issue unit-wise invoice also. But there should not be any duplication in numbering system. Related GST FAQ GST FAQ on Composition,… Read More »
Q.12 There is lack of clarity in the trade regarding the eligibility conditions for the LUT/Bond as per the Notification No. 16/2017-Central Tax. Para i (b) of the said notification requires the exporter to receive the due foreign inward remittances amounting to a minimum 10% of the export turnover, which should not be less than one… Read More »
Q.9 As per Rule 96A of CGST Rules, 2017, the LUT is to be accepted by the Jurisdictional Commissioner, Udaipur whereas in pre GST era the same was accepted by the jurisdictional Deputy/Assistant Commissioner Kota. The Commissioner of Kota region has office at Udaipur which is 290 Kilometers away from Kota due to which it… Read More »
Q.8 In view of definition of ‘export of goods’ given in Section 2(5) of the IGST Act, 2017, the supply of goods by the manufacturer to merchant exporter cannot be treated as exports as he is not taking out the goods out of India. He is supplying the goods to the merchant-exporter. Therefore, is the manufacturer… Read More »
Q.7 Will GST be debited in duty credit scrips such as Merchandise Exports from India Scheme (MEIS) and Service Exports from India Scheme (SEIS)? Ans No. Related GST FAQ GST FAQ on Composition, Exports, Invoice and Returns , Job Work ,Levy Related Topic on GST Topic Click Link GST Acts Central GST Act and States GST… Read More »