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 »
Q.6 In case of export of services, who will pay the service tax as for Bhutan, Nepal and Bangladesh? Ans The place of supply is outside India but as the supplier is located in India, it is a case of inter-State supply and subject to IGST. It will be zero rated if the sale proceeds are realized… Read More »
Q.5 With reference to clause 5 of Rule 96A of CGST Rules, 2017 as inserted vides Ntf No. 15/2017-Central Tax dated 01st July 2017 “(5) The Board, by way of notification, may specify the conditions and safeguards under which a Letter of Undertaking may be furnished in place of a bond.” It may be clarified… Read More »
Q.3 Whether every registered person who intends to export requires fresh Bond/LUT even if the same was issued on or before 30.06.2017 and is still live i.e. not one year old. Ans Circular No. 4/4/2017-GST dated 07.07.2017 clarifies this. Old LUT/bond is valid till 31.07.2017, after which fresh LUT/Bond in the new format is required to be… Read More »