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Answer: Yes, you have to pay GST via RCM. You can avail ITC of the GST so paid if you are otherwise eligible.
Answer: No. The supplier would be liable to obtain registration in case of inter-State Supplies irrespective of his turnover.
Answer: The registration in other State would come under fresh registration.
Answer: If exclusively making supplies of Nil rated supplies, registration is not compulsory. Kindly refer section 23 of CGST Act.
Answer: No, a franchisor company need not take registration in a state where only its franchisee is located.
Answer: You may directly take GST registration on www.gst.gov.in
Answer: If registered, then you need to file returns. You may choose to cancel your registration since you are dealing only in exempted products.
Answer: Yes. Since, exports are zero rated, one needs to register for GST to claim refunds.
Answer: One PAN holder gets one registration in every state, but he has the option of getting different registrations for different business verticals.
Answer: Job workers making taxable supplies above the threshold aggregate turnover need to register. Composition scheme is not available to job-workers. They, however, can avail benefit of section 143 of the CGST Act.
Answer: Service providers, except restaurants/caterers, are not eligible for composition scheme.
Answer: No. The following three classes of persons, namely
♦ Ice cream and other edible ice, whether or not containing cocoa.
♦ Pan masala
♦ All goods, he. Tobacco and manufactured tobacco substitutes
are not eligible for benefit of composition scheme.
Answer: Those Availing composition can exit and opt for normal tax scheme anytime. They would be eligible for ITC on stocks available on the date of switchover in terms of section 18 (1)(C) of CGST Act, 2017.
Answer: You can opt for composition scheme from the beginning of the next financial year on submiting the option to avial composition scheme before beginning of the financial year. It may please be noted that composition scheme cannot be availed from the middle of a financial year.
Answer: No, taxpayer becomes ineligible for composition scheme on the day the turnover crosses Rs. 75 lakhs.
Answer: Please apply for cancellation of registration under Section 29(1) of the CGST Act, 2017 read with Rule 24(4) of CGST Rules, 2017. You will be required to calculate and pay ITC availed on goods held in stock on the date of cancellation of registration.
Answer: In your new registration application, if you have referred to your past registration no. of Central Excise or Service Tax, you will be eligible for transitional credit under Section 140 of CGST Act, 2017 read with Rule 117 of CGST Rules, 2017.
Answer: Provisional ID (PID) will be your GSTIN. You can supply goods or services or both specifying PID as your GSTIN on Invoice.
Answer: You can supply goods or services or both on bill of supply without mentioning GSTIN and/or ARN. On receipt of GSTIN, you will need to issue revised invoice mentioning GSTIN. You are required to reflect this supply in your return and also pay tax thereon.
Answer: No, if you are dealing in 100% exempted supplies you are not liable to be registered in GST. There is no requirement of registered for inter-state Purchases.
Answer: GST has no special dispensation for EOUs. As to whether they exist for any other purpose may be seen from the FTP.
Answer: Deemed credit will be available to you for stock as duty paying documents are not available, subject to provision of section 140 (3) of the CGST Act, 2017 read with Rules 140 (4) of CGST Rules, 2017
Answer: Credit may be availed on the basis of document evidencing payment of duty on inputs as per section 140(3) of the CGST Act, 2017 read with Rules 140 (4) CGST Rules, 2017.
Answer: Credit of stock which was unconditionally exempt from excise duty or was NIL rated shall not be available. Please see Rule 117(4) of the CGST Rules, 2017.
Answer: If he has duty paying documents then he will get full credit of central excise duty paid on stock held by him.
Answer: If the invoice has been raised and payment made before the 1st of July 2017 then GST will not be applicable.
Answer: The liability of RCM under GST will arise only after 1st of July 2017.
Answer: No there is no particular format. Rule 46 of the CGST Rules, 2017 prescribes the particulars to be contained in Invoice.
Answer: Same sequence can be followed provided conditions laid down in Section 31 of the CGST Act, 2017 read with Rule 46 of CGST Rules, 2017 are met.
Answer: Circular No. 4/4/2017-GST dated 07.07.2017 has clarified that the existing Bonds/LUTs shall be valid till 31.07.2017 after which the Bonds/LUTs shall have to be executed in the newly prescribed formats. New formats of bond and LUT have been prescribed under Rule 96A of CGST Rules, 2017.
ARE-1 procedure is being dispensed with except in respect to commodities which continue to attract Central Excise duty.
Answer: ITC on capital goods is generally available if they are used in the course or furtherance of business. However, credit is not available on cars, unless you are in business imparting driving supplying such cars. A list of item on which ITC is not available is provided in Section 17 of the CGST Act, 2017.
Answer: Specifying HSN code on invoice is optional for taxpayers having turnover upto 1.5 crores.
Answer: You will be entitled to carry forward closing balance of CENVAT credit shown in your last return filed under Central Excise Act.
Answer: No, a person registering under the composition scheme cannot take ITC on inputs.