Question . According to HSN Code 2516 calcareous building stone comes under 5% tax rate, but simultaneously under HSN Code 6802 it comes under 28% tax rate. Clarity on the same may be provided by the Government Answer: Chapter 68 covers value added articles of sandstone etc. which are further worked other than by way of roughly… Read More »
Question . Whether Railway siding in mining industry exclusively utilized for effecting dispatch of taxable goods vz.coal (i.e. directly used in the course or furtherance of business) will be treated as Plant and Machinery and ITC under GST will be allowed or treated as civil structure and ITC will be denied? Answer: ITC will not… Read More »
Question . In case of coal, the applicable Compensation Cess is a Fixed Amount of Rs.400/- per MT. Under above situation, how such apportionment is possible since in case of FSA Sale, supply of different grade of coal as per availability of stock against single bulk receipt of “Advance” is to be adjusted? Answer: If… Read More »
Question : Can supplies of coal under a particular order or under FSA (Fuel Supply Agreement) be eligible under the definition of ‘continuous supply of goods? Answer: Such supplies are in the nature of continuous supply as the invoices are raised periodically. The individual dispatches may be covered under delivery challans and invoice may be… Read More »
Question Whether stock held by mining companies on which Clean Energy Cess has been paid be chargeable to compensation cess in GST regime? Answer: Yes.Compensation cess will be charged on supply of such stock. Related GST FAQ GST on Mining Sector : FAQ GST on Handicraft Sector : FAQ 150 GST FAQ’s Replied by Govt… Read More »
Question . Whether credit of Green Cess (Clean Energy Cess) paid on coal and available at the time of transition be eligible for being carried over? Answer: No.Credit of Clean Energy Cess cannot be carried forward on transition. Related GST FAQ GST on Mining Sector : FAQ GST on Handicraft Sector :… Read More »
Question . What will happen to the balance available in the current account (PLA) under Central excise, deposited in cash in advance by any assesse? Answer: Balance in PLA will not be under transition to GST since that has not been appropriated to the Government account which will be determined post completion of the pending… Read More »
Question Education Cess and S&H Education Cess carried forward in ER-1 – whether eligible for ITC under the CGST Act, 2017? Answer: No. Credit of Education Cess and SH Education Cess cannot be carried forward. Related GST FAQ GST on Mining Sector : FAQ GST on Handicraft Sector : FAQ 150 GST FAQ’s Replied by… Read More »
Question . In Table 5(b) of GST-TRAN-1, the details of Form C, F and H/I are to be given for the period April 15 to June 17 (i.e. for 27 months) which would be a voluminous task. Reasons of furnishing the details for last 27 months may please be clarified? Answer: In cases where sales were… Read More »
Question . Whether an Input Service Distributer (ISD) will be eligible to distribute the ITC in respect of services received during April 17 to June 17 even if the invoices are raised and submitted by contractors after appointed date i.e. in July 17. Answer: In terms of section 140(7) of the CGST Act, 2017 the ISD will… Read More »