I am a trader. I have got vat refund so will it be carried forward under GST ? Refund under existing law will be under existing law provision only. [ Reply as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read Other related GST Questions / Queries replied Read other related GST… Read More »
Licence fees received by giving commercial space on leave and licence basis come under GST ? License fee will be covered under GST [ Reply as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read Other related GST Questions / Queries replied Read other related GST Technical / GST Tech Questions
Invoice shows Excise & VAT. Stock bought from Depot /Branch of Manufacturer. Can I take full ITC even I don’t have Rule 11 Invoice. If you have document showing full excise duty paying documents. You can take full credit. [ Read Input Tax Cedit on Closing Stock under GST ] [ Reply as per Twitter Account of Govt… Read More »
Is there a format for GST invoice ? There is no format but all the relevant particulars to mentioned are in Rule 1 of invoice rules. All Taxpayers are free to design there own Invoice Format. [ Read Tax Invoice under GST of India – Analysis ] [ Reply as per Twitter Account of Govt of India for GST… Read More »
If GST paid on reverse charge mechanism (RMC), can we credit taken as input tax credit? Yes. You can take credit of tax paid on reverse charge basis. [ Reply as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read Other related GST Questions / Queries replied Read other related GST Technical… Read More »
Whether it is mandatory to pay GST if an assessee registered under GST but his total turnover does not exceed 20 lakhs rupees? Yes. A registered person is liable for GST. [ Reply as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read Other related GST Questions / Queries replied Read other… Read More »
If for registering a business verticals, will it be an issue if both the verticals have the same HSN codes? No. Please refer to registration rules. [ Reply as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read Other related GST Questions / Queries replied Read other related GST Technical / GST… Read More »
Is GST applicable on Delivery Charges charged by a seller of goods towards reimbursement of transportation cost from customer Yes. Please refer to Section 15 of the CGST Act. [ Reply as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read Other related GST Questions / Queries replied Read other related GST Technical… Read More »
Can we migrate business verticals as separate unit within same state as of now? Seperate registration for seperate business verticals. Only one vertical will be migrated. Other would require fresh registration. [ Reply as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read Other related GST Questions / Queries replied Read other… Read More »
Do every importer of goods has to do self invoicing? Yes. [ Please refer to Final GST Tax Invoice Rules – Approved by GST Council 18.05.2017 ] [ Reply as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read Other related GST Questions / Queries replied Read other related GST Technical / GST… Read More »