Whether GST is payable on rent ( Rs 10 Lakh per month) from residential property given on rent to Public Limited company for use (a) as residence of Director (b) as Guest house of the company. As per Entry No 12 of NOTIFICATION NO. 12/2017 – CENTRAL TAX (RATE) DATED 28-6-2017 There is Nil GST… Read More »
How to file GST ITC 1 Forms 1. What is GST ITC-01? Registered person who is entitled to claim credit of input tax under section 18 (1) is required to file a declaration in Form ‘GST ITC-01’. The credit may be availed for inputs held in stock, Inputs contained in semi-finished or finished goods held… Read More »
FAQs on queries related to GST on transport & logistics services Q 1. I am a single truck owner-operator and I ply my truck mostly between States, carrying the goods booked for my truck by an agent; aggregate value of service which I provided exceeded twenty lakh rupees during last year. Am I supposed to… Read More »
GST FAQs on 27.12.2017 by Govt Twitter account GST to be charged @ 0.10% to merchant exporters as per Notification No 40/2017 central Tax (Rates) & Notification No 41/2017 Integrated Tax (Rates) However Option not available in GST returns to show these sales . In GSTR 3B it has to be shown in Table 3.1 row (a) Outward supplies (other… Read More »
GST FAQs on 25.12.2017 by Govt Twitter Account Question No. 1: Can a manufacturer who was not registered in excise take credit of goods on which he doesn’t have duty paying documents i.e. Can he take deemed transitional credit? Answer: No, as per section 140 of CGST Act. Question No. 2: We have accidentally filed GST… Read More »
GST FAQ issued on 22.12.2017 by Govt Twitter account Question 1: When will e-way bill system be applicable? Answer: As decided at the 24th GST Council meeting, nationwide e-way Bill will be made compulsory from 01.02.2018; trials to start from 16.01.2018. Question 2: What is the last date for filing TRAN-1? Answer: 27.12.2017. Please refer Orders 9/2017-GST and Order… Read More »
GST FAQ on 13.12.2017 by Govt Tweeter Account How to change registered email and mobile number of proprietorship firm ? one can apply for such change by filing form GST REG 14 , which is application for amendment in registration particulars, on the common portal ( www.gst.gov.in). How to file quarterly return GSTR 1 .… Read More »
Some taxpayers want to change the Taxpayer type from SEZ/ISD to Regular taxpayer on the basis of wrongly selection of the field in GST application form Answer from GSTN network :- It is as per current implementation. Reason for registration can’t be changed. User need to surrender the current GSTIN and apply for new with… Read More »
GST FAQ on 10.12.2017 by Govt Tweeter Account Related Topic on GST Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules GST Rules GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars GST Judgments GST Judgments GST Press Release GST Press Release… Read More »
Resolution for Taxpayers wanting to change their STATE circle name in GST RC. Related Topic on GST Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules GST Rules GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars GST Judgments GST Judgments… Read More »