Reply :- Yes, you have to pay GST via Reverse Charge Mechanism (RCM). You can avail ITC of the GST so paid if you are otherwise eligible.
Reply :- No. The supplier would be liable to obtain registration in case of Inter-State supplies irrespective of his turnover
Reply :- For every State, a fresh registration is needed.
Reply :- If exclusively making supplies of Nil rated goods, registration is not compulsory. Kindly refer Section 23 of CGST Act.
Reply :- No, a franchisor company need not take registration in state where only its franchisee is located
Reply :- You may directly take GST registration on www.gst.gov.in
Reply :- If registered, then you need to file returns. You may choose to cancel your registration since you are dealing only in exempted products.
Reply :- Yes. Since exports are zero-rate, One needs to register under GST to claim refunds.
Reply :- One PAN holder gets one registration in every State, but he has the option of getting different registration for different business verticals
Reply :- Job-workers making taxable supplies above the threshold aggregate turnover need to register. Composition scheme is not available to job-workers. They can, however, avail benefit of the CGSTAct.
Reply :- Service providers, except restaurants/caterers, are not eligible for composition scheme.
Reply :- No. The manufacturers of following goods, namely-
• Ice-cream and other edible ice, whether or not containing cocoa,
• Tobacco and manufactured tobacco substitutes,
are not eligible for benefit of composition scheme.
Reply :- 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 switch over in terms of Section 18(1)(c ) of CGST Act, 2017.
Reply :- You can opt for composition scheme from the beginning of the next financial year on submitting the option to avail 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.
Reply :- No, a taxpayer becomes ineligible for composition scheme on the day his turnover crosses Rs. 75 Iakh.
Reply :- 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.
Reply :- 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
Reply :- Provisional ID (PID) will be your GSTIN. You can supply goods or services or both specifying PID as your GSTIN on Invoice.
Reply :- 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.
Reply :- No, if you are dealing in 100% exempted supplies, you are not liable to be registered under GST. There is no requirement of registration for making Inter-State purchases.
Reply :- There is no such requirement under GST law.
Reply :- GST has no special dispensation for EOUs. As to whether they exist for any other purpose may be seen from the FTP.
Reply :- Deemed credit will be available to you for stock as duty paying documents are not available, subject to provisions of Section 140 (3) of the CGST Act, 2017 read with Rule 117(4) of CGST Rules, 2017.
Reply :- 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 Rule 117(4) of CGST Rules, 2017.
Reply :- Credit on 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.
Reply :- If he has duty paying documents, then he will get full credit of Central Excise duty paid on stock held by him.
Reply :- If the invoice has been raised and payment made before the 1 July, 2017 then GST will not be applicable.
Reply :- The liability of RCM under GST will arise only after 1st July, 2017.
Reply :- No, there is no particular format. Rule 46 of the CGST Rules, 2017 prescribes the particulars that a tax invoice should contain.
Reply :- 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.
Reply :- 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 with reference to commodities which continue to attract Central Excise duty.
Reply :- 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 the business of imparting driving training, or supplying such cars. A list of item on which ITC is not available is provided in Section 17 of the CGST Act, 2017.
Reply :- Specifying HSN code on invoice is optional for taxpayers having turnover upto Rs.1,5 crore.
Reply :- You will be entitled to carry forward closing balance of CENVAT credit shown in your last return filed under the Central Excise Act.
Reply :- No, a person registering under the composition scheme cannot take ITC on inputs.
Reply :- ITC is not allowed under composition scheme. Your ITC lying in balance will lapse.
Reply :- Credit on such inputs services will be allowed subject to satisfaction of conditions prescribed in Section 140 (5) of the CGST Act.
Reply :- CENVAT credit lying in balance in the return filed for period upto 30th June, 2017 is to be allowed as CGST credit as per Section 140(8) of the CGST Act, 2017 read with Rule 117(2) of CGST Rules, 2017.
Reply :- The documents specified under Rule 48 of the CGST Rules, 2017 may please be referred. Triplicate copy of invoices for supply of goods and duplicate copy of invoice for supply of services may be used.
Reply :- No, GST is not leviable on the entire credit card bill; it is charged only on the fee/commission charged by the credit card company.
Reply :- If in every instance you are making a supply then an invoice needs to be issued. For any other movement of goods other than supply (as specified in Rule 55 of CGST Rules, 2017), a delivery challan may be issued.
Reply :- There is no distinction between goods or services under GST. Service charge like any other consideration for supply will be leviable to GST. It is also clarified that service charge is not a statutory levy. It is not levied by the Government.
Reply :- Yes, you need to charge GST on supplies of such stock, but you can use transition credit. if available on the said goods.
Reply :- This is a composite supply where the principal supply (the goods) cannot be supplied without the cartage / unloading / transportation expenses. Therefore, the GST rate applicable will be the same as that of the principal supply, i.e, cycle parts, as provided under Section 8 of the CGSTAct, 2017.
Reply :- In this case, you are providing both taxable and non-taxable supplies. You will charge VAT on the non-taxable supply (which is alcohol for human consumption) and GST on all other taxable supplies.
Reply :- No, these are two independent supplies at two different prices, they will be charged at the GST rate applicable to them even if they are purchased on the same invoice.
Reply :- The value to be charged on such transaction will be the open market value of the entire transaction as per Rule 27(a) of the CGST Rules. 2017. Therefore, GST should be charged on the entire 20 gm.
Reply :- Yes. a composition dealer will issue a self invoice as he is required to pay GST. He will not be eligible for ITC also.
Reply :- CGST credit can be first used to set off CGST liability. Whatever is left can be used to set off IGST liability. It cannot be used to set off SGST liability. Similarly, SGST credit can be used to set off SGST and IGST liability, in that order. It cannot be used to set off CGST liability. Please see Section 49 of the CGST Act, 2017.
Reply :- No, if a firm is registered in more than one State, then each such registration will be treated as a separate registered person. Cross-utilization of credit available with two different registered persons is not allowed.