{"id":3207,"date":"2017-05-31T15:10:51","date_gmt":"2017-05-31T09:40:51","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=3207"},"modified":"2021-08-12T19:04:33","modified_gmt":"2021-08-12T13:34:33","slug":"faqs-on-gst","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/faqs-on-gst\/","title":{"rendered":"FAQs on GST"},"content":{"rendered":"
\"www.carajput.com;GST<\/a>
www.carajput.com; GST rules and Formats<\/figcaption><\/figure>\n

Question\u00a0 <\/strong>\u00a0Is GST registration<\/a> open for new users before July?<\/p>\n

Answer<\/strong> \u00a0\u00a0\u00a0\u00a0No.<\/p>\n

Question<\/strong> \u00a0\u00a0How would GST work with regards to Cinema halls? Can you please share some details?<\/p>\n

Answer <\/strong>\u00a0\u00a0\u00a0Admission to Cinema hall for the exhibition of a film is a supply and GST is leviable on the value of supply for such admission.<\/p>\n

Question<\/strong> \u00a0\u00a0Whether a separate GSTIN<\/a> would be allotted to a registered person for deducting TDS<\/a> (he has PAN<\/a> and TAN<\/a> as well)?<\/p>\n

Answer<\/strong> \u00a0\u00a0\u00a0\u00a0Separate registration as supplier and tax deductor is required.<\/p>\n

Question<\/strong> \u00a0\u00a0What are the list of formats of composition schemes?<\/p>\n

Answer<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n
Sr. No.<\/td>\nForm No.<\/td>\nDescription<\/td>\n<\/tr>\n
1<\/td>\nGST CMP-01<\/td>\nIntimation to pay tax under section 10 (composition levy) (Only for persons registered under the existing law migrating on the appointed day)<\/td>\n<\/tr>\n
2.<\/td>\nGST CMP-02<\/td>\nIntimation to pay tax under section 10 (composition levy) (For persons registered under the Act)<\/td>\n<\/tr>\n
3<\/td>\nGST CMP-03<\/td>\nIntimation of details of stock on date of opting for composition levy (Only for persons registered under the existing law migrating on the appointed day)<\/td>\n<\/tr>\n
4.<\/td>\nGST CMP-04<\/a><\/td>\nIntimation\/Application for withdrawal from composition Levy<\/td>\n<\/tr>\n
5.<\/td>\nGST CMP-05<\/td>\nNotice for denial of option to pay tax under section 10<\/td>\n<\/tr>\n
6.<\/td>\nGST CMP-06<\/td>\nReply to the notice to show cause<\/td>\n<\/tr>\n
7.<\/td>\nGST CMP-07<\/td>\nOrder for acceptance \/ rejection of reply to show cause notice<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Question<\/strong> \u00a0Can input credit of SGST of one state be used to pay output SGST of \u00a0another state? Can it be used to pay IGST of another state?<\/p>\n

Answer<\/strong> \u00a0One State SGST to another State SGST – No<\/p>\n

One State SGST to another State IGST \u2013 Yes<\/p>\n

Question<\/strong> \u00a0Implication on manufacturing under excise notification no 49 & 50 of year 2003 Will they also be paying CGST?<\/p>\n

Answer<\/strong> \u00a0\u00a0\u00a0Yes, in GST<\/a> regime, there is no provision for area based exemptions and thus CGST would be payable which can be recovered from customers<\/p>\n

Question<\/strong> \u00a0Current VAT6%, GST 18%, if I charge 18% GST to my customer on my existing Stocks the price goes up > MRP or margin finished?.<\/p>\n

Answer\u00a0\u00a0 <\/strong>\u00a0Excise component would be embedded. Besides, Cascading of VAT over \u00a0\u00a0Excise too possibly present, resulting in likely total incidence of ~18%.<\/p>\n

Question<\/strong> \u00a0What is the GST rate on textile and readymade garment?<\/p>\n

Answer<\/strong> \u00a0\u00a0\u00a0Textiles GST rate, including that for readymade garments, yet to be considered and recommended by the GST Council.<\/p>\n

Question<\/strong> \u00a0GST Registration<\/a> starting from 1st June, is it also opening for people who had no registration before, no VAT \/no ST etc & want to register fresh in GST?<\/p>\n

Answer<\/strong> \u00a0\u00a015 days’ window will be opened for migration of existing registrants only.<\/p>\n

Question<\/strong> \u00a0Can one invoice contain both taxable as well as exempted supplies?<\/p>\n

Answer<\/strong> \u00a0\u00a0\u00a0No. As for exempted items, bill of supply is required to be issued.<\/p>\n

Question<\/strong> \u00a0How job worker will avail ITC<\/a> on inputs recd from supplier and adjust against supply because ITC reflect in GSTR2 of principal.<\/p>\n

Answer<\/strong> \u00a0\u00a0ITC is on inward supply received on a duty paying docx. Inputs supplied for job work belongs to principal and so is the credit thereof<\/p>\n

If principal makes a supply, in a particular situation, job worker, such supply gets reflected in GSTR2 and job worker gets ITC.<\/p>\n

Question<\/strong> \u00a0\u00a0Are the cesses additive or multiplicative? i.e. 28% GST and 15% cess = \u00a0\u00a043% or 1.28×1.15 => 47.2%?<\/p>\n

Answer<\/strong> \u00a0\u00a0\u00a0The cess will be additive<\/p>\n

Question<\/strong> \u00a0GST Regn starting from 1st June, is it also opening for people who had no \u00a0registration before, no VAT \/no ST etc & want to register fresh in GST?<\/p>\n

Answer\u00a0\u00a0 <\/strong>\u00a0It is only for migrating assessees.<\/p>\n

Question<\/strong> \u00a0\u00a0In respect of exports, will GST be directly credited to a\/c.or rebate papers have to be filed?<\/p>\n

Answer<\/strong> Refund \/ Rebate application is to be filed after processing of which eligible amount would be directly credited to bank account.<\/p>\n

Question<\/strong> \u00a0\u00a0Whether Electricity co. can avail ITC on Dry Fly ash\/other taxable goods\/services whereas electricity is out of GST<\/p>\n

Answer<\/strong> ITC is allowed only if engaged in taxable supplies.<\/p>\n

Question<\/strong> Whether invoice to be raised by Head office to branches on salary charges incurred by Head office<\/p>\n

Answer<\/strong> \u00a0\u00a0No, services by employee to employer shall be treated neither as supply of goods nor of services.<\/p>\n

Question<\/strong> do you know when to expect the final GST return<\/a> formats and corresponding APIs for the same?<\/p>\n

Answer<\/strong> \u00a0\u00a0GST Return forms are likely to be finalized in the 15th GST Council meeting scheduled to be held on 3 June 2017.<\/p>\n

Question<\/strong> what will be the position of SSI E<\/a>xemption Limits on Excise duty now CGST. SSI units are back bone of our Economy<\/p>\n

Answer<\/strong> \u00a0No separate limit for excise duty exemption in GST. Anybody w aggregate turnover up to Rs.20 lakh (10 lakh in Special Category) is exempt.<\/p>\n

Question<\/strong> \u00a0What is the rate of GST for purchase of flat?<\/p>\n

Answer<\/strong> \u00a0Rate of GST on purchase of flat before completion is 12% of value including value of land.<\/p>\n

Question<\/strong> On formulations GST will be on MRP or at sale price?<\/p>\n

Answer<\/strong> \u00a0No concept of payment of GST on MRP basis.<\/p>\n

Question<\/strong> \u00a0Restaurant with annual turnover upto 20lakhs are exempted under GST. Is it correct?<\/p>\n

Answer<\/strong> \u00a0Anybody with aggregate turnover of up to Rs. 20 lakh (Rs. 10 lakh in Special Category States) is exempt except cases listed in Sec 24, CGST<\/p>\n

Question<\/strong> What is GST rate for apparels and readymade garments?<\/p>\n

Answer<\/strong> GST Rate for readymade garments and apparels are yet to be finalized by the GST Council.<\/p>\n

Question<\/strong> Do registered dealers have to upload sale details of unregistered dealers also in GSTR1?<\/p>\n

Answer<\/strong> \u00a0\u00a0Generally not. But required in case of inter-State supplies having invoice value of more than Rs 2.50 Lakhs.<\/p>\n

Question<\/strong> \u00a0Will there be GST in A& N Islands – previously there was no VAT..?<\/p>\n

Answer<\/strong> \u00a0Yes. For supplies within A& N, CGST plus UTGST would be leviable<\/p>\n

Question<\/strong> What will be the impact of closing stock which has been already paid vat on 1st July?<\/p>\n

Answer<\/strong> The supplier would be eligible to carry forward ITC on such stock and would be liable to pay GST when supplied in new regime.<\/p>\n

Question<\/strong> What will be the impact of GST on coal? Will the clean energy cess on coal go or stay?<\/p>\n

Answer <\/strong>\u00a0Clean Environmental Cess on coal will continue in form of GST Compensation Cess.<\/p>\n

Question<\/strong> Whether maritime commissioner will be there for rebate and refund on export, in GST regime? If not, how rebate be sanctioned?<\/p>\n

Answer<\/strong> \u00a0\u00a0\u00a0Refund will be sanctioned by the jurisdictional Commissioners of GST.<\/p>\n

Question<\/strong> What would be implications of gst for jewellery retailers? At present 1% vat for sale will be diff in GST?<\/p>\n

Answer<\/strong> \u00a0\u00a0\u00a0Rates are yet to be finalized by the GST council<\/p>\n","protected":false},"excerpt":{"rendered":"

Question\u00a0 \u00a0Is GST registration open for new users before July? Answer \u00a0\u00a0\u00a0\u00a0No. Question \u00a0\u00a0How would GST work with regards to Cinema halls? Can you please share some details? Answer \u00a0\u00a0\u00a0Admission to Cinema hall for the exhibition of a film is a supply and GST is leviable on the value of supply for such admission. Question …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[368,370,366,367,369],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3207"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=3207"}],"version-history":[{"count":4,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3207\/revisions"}],"predecessor-version":[{"id":7424,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/3207\/revisions\/7424"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=3207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=3207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=3207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}