GST- QUE AND ANS

Q.  I want to understand that 50 different people come and buy in cash from us and they do not want to give their details. 

A. Small taxpayers, like small retailers, doing a large number of small transactions for upto a value of Rs. 200 per transaction to unregistered customers need not issue invoice for every such transaction. They can issue one consolidated invoice at the end of each day for all transactions done during the day. However, they should issue the invoice where the customer so demands please clarity that 50 different people are un-registered? if yes you need not to mentioned details, you can generate cash bill and collect tax as per law, place of delivery will be your shop.

Q.PLS TELL ME THE GOODS RATE WHICH ARE NOT IN ANY SCHEDULE ARE THEY COME UNDER RESIDUARY ENTRY LIKE VAT TAX ? AND WHAT IS GST RATE ON SUCH GOODS? / FOR RESIDUARY SERVICES IT IS 18 %, BUT FOR GOODS NO SUCH CLARIFICATION

A.There is no such RESIDUARY rate in case of goods.

Q.Then what rate will applicable on such goods

A.GST council has specified GST rates on 1211 items. I think all the items are covered. Petroleum and Liquor are not covered as they are being taxed at old rates. Do you know any item which is not covered in GST?

Q. finding GST rate on handicraft archway ie toran n decoration items n mala of artificial moti

A.Chapter 97 Works of art, collectors' piece and antiques are taxable @ 12% in GST

Q.I HAVE ONE QUERY, I AM REGISTERED DEALER PURCHASED FROM ANOTHER DEALER OUTSIDE STATE, THIS DEALER ISSUED INVOICE EXAMPLE.28.05.17 AND I HAVE RECEIVED MATERIAL 03.06.17, BUT I HAVE ENTER MY BOOK ACCOUNT MATERIALS RECD.03.06.17. BUT AT THE TIME GSTR SHOWING MISMATCH MEANS MY SUPPLIER DATE IS 28.05.17, I ENTER MY BOOK OF ACCOUNT MTLS RECD.03.06.17. I HAVE CONFUSED.

A. It will show mismatch when you will claim credit but as you said you have received material on 03-06-17 so you will not claim credit in May month so there will be no mismatch in may. it will show pending action in you login in may and in june you will claim credit against the same. Mismatch will only be shown when you will claim a different amount from supplier.

Q. ONE QUERY FOR GST, INVOICE BILL WILL BE APPLY FOR GST PORTAL EVERY MONTH, IF YES, SUPPOSE I APPLIED FOR INVOICE BILL FOR THE MONTH OF JULY 17 (I.E. INV.NO.001 TO 100), BUT THIS I HAVE ISSUED 50 INVOICES, REMAINING INVOICE LYING WITH ME 51 TO 100, BUT NEXT MONTH AGAIN I APPLY FOR INVOICE 51 OR CONTINUE USE THIS OR APPLY FOR AGAIN 001. PL.GIVE ME THIS QUERY ANSWER, I HAVE CONFUSED.

A.Invoice continuous series should be followed in a year. No repetition of series in same year otherwise it can create issue to receiver and can show duplicate claim.

Q. I have some closing stock and I am also purchase stock between 1 April to 30 June, 2017. After GST (1 July) if change or any document required to use old stock in GST. 

A. You have to file GST TRAN-01 return to claim the credit of excise duty involved in stock within 90 days from the date of appointment.

Q. GST me current account me cash deposit kitna kar sakte hai because hum agriculture traders Hai or hamari item par gst nahi Hai but hamari sale cash hoti Hai daily make bill 50000 under total sales 30 to 40 lac sale in cash but purchase hum cheque se karte Hai but cash deposit ke vajah se hamare account seas kar dete Hai please suggest because hamara current account me cash different location in all India cash deposit because hum party ko nahi jante party apni location se cash hamare account me deposit karati Hai or hum Delhi se use maal goods de dete Hai.

A.आपको पार्टी को कहना होगा इन्टरनेट बैंकिंग से या चेक से पैसा जमा करवाएं |

Q. Hum retailer hai 20lakh + turnover hai so agar nai krwaye gst registration to disadvantage kya hoga iska

A.ITC refund nahi milega, b2b transaction करने में दिक्कत आ सकती है।

Q.If a person (Aggregate turnover below Rs.75 Lac ) is doing all the activity on a singal GSTIN ( Trading, mfg and Restaurent), then what will be the position of compounding scheme. Can he avail the benefit of this scheme if yes what will be the tax rate ( 1%, 2% and 5%), one another query if I have stock of Rs. 30 lac and no ITC in balance as on 30 June. Should I deposit the tax on this stock because I hv utilized all the itc of this stock, before opting the composition scheme.

A. Take Composition Scheme for separate business. You need to declare all stock but in specified form but no inter state purchases.

Q.Composition dealar inter state purchase ker sakta hai?

A. yes

Q. There is some news that readymade garments traders/manufacturer will not able to get the credit of ITC paid on raw material or GST paid to previous trader.

A. Credit nahi milega wo section 17(5) ya jahan reverse charge hai waha services ke case me list me likha hai...uske alawa credit milega.

Q. My turnover below 1.5 cr. can I use full HSN code?

A. Restriction minimum digits ki hai max aap mention kar hi skate ho.

Q."Place of supply" kya return main bhi mention kerna hoga with state code?

A.Yes.

Q. Bill of supply ke sath SGST, CGST kab ho sakta he.

A.Kabhi b nahi...bill of supply sirf composition and exempted walo ko allowed hai wahan tax nahi hoga.

Q.My one question is we dealing in renewable energy ie solar street light solar panel solar puc power plant but we are facing problem how define GST rate on solar street light bcz solar streetlight have many parts eg battery panel pole battery structure panel structure wire luminary etc but one thing these all are different tax in GST and we sale of these items on 5% tax rate.

A. HSN code ke rules according agar exact match nahi hai to you can go with most resembling match...yani jo sabse kareeb se explain karta ho product ko....

Q. Some dealer purchase tax free goods like cloth, saree from interstate, and on 30 June 2017, he have in stock, but now cloth in taxable in GST act so is he eligible for composition.

A.No because if you have inter state purchase stock you will not be eligible for composition.

Q. It was tax free goods no tax liability was on dealer in vat act. For composition opting option it's mandatory Input vat credit was not claimed. In this case no tax liability on assessee and not claimed, but only he have interstate stock. As per GST law prohibited for composition opting option in interstate stock.  We can avail composition scheme in case of inter-state purchase.

A. There is only restriction on interstate sale as per my point of view.

Q. I have medical wholesale work n turnover is 20-30 lakh. We purchase interstate and sale within state. So is there is any problem to opt composition scheme. Or it is not beneficial for wholesalers?? 

A. It will be beneficial but it depends on case to case basis...all your sales should be to consumer, No inter state sale...plus you are not doing any services work....No credit of ITC will be available..

Q. Invoice bill me hsn code 2 digit ka ya pura bhare toh koe farak padega kya?

A. 2 digits minimum hai aap full bhi likh sakte ho.

Q.Hsn code jaise meri turnover less than 5cr hai toh 2 digit ayega. Toh agar invoice banwate hai hum manufacture hai toh hum apne bill me hsn pura daal rahe hai kyunke hume samajh ni ara hai..

A. Digits minimum hain...max aap daal sakte hai bas dho to kam se kam dalni hi hongi

Q. Explain is that necessary that when we paid the reverse charge mechanism how to difined the HSN code for small expenses and that's are variable goods.

A.1.5 crore se neche ho to HSN code nahi daalna....aap kuchh products k naam batao?

Q. Mera job work he hand block print ka to mujhe kya karna he.

A.Agar 20 lac se jyada hai ya agar aap inter state supply karte hain to aapko registration lena hoga.

Q.I am giving service withing the state or inter-state then in both case how much we have to charge taxes?

A. Services ki ek rate list hai....uske alawa sab pe 18% hai...intra state hai to aap 9-9% lagaoge. Interstate hai to 18% IGST lagega.

Q.I am a small manufacturer. How do we get the input GST credit of small bills like stationery, machine spares, small hotel bills ect.

A.Aapko khud hi invoice banana hai unka n GSTR 2 me fill karna hoga....credit mil jayega

Q.I have a question if the a manufacture registered under composition scheme can he do job work?

A.Job work is a service and composition scheme is not available for service provider.

Q. Explain that whether job worker after doing job work will be able to return back material by delivery challan or invoice same time compulsory.

A.You can return the material on challan by mentioning the reference no. delivery challan issued by principal and invoice can be issued later within 30 days.

Q. I m job worker can i get registered under composition scheme under GST.

A. No.

Q. If I sell goods and and take rikshawala's delivery charges, packing charges, labour charges etc. from customer do I need to take GST from customer. For example Goods value 1,00,000/Packing and delivery 500/ Now should I charge GST on 100000/- or 100500/-What is the rate of tax for such charges?

A. Yes if you are shown in your bills & GST on 100500.

Q.MRP of readymade garment including GST is Rs1040 how much GST will be charged 12 or 5? 

A. GT on sale price and not on MRP.

Q. I want to know that how the department will come to know that my turnover exceeds Rs 20 lac(in case of intra-state supplier)

A. Your books of a/c will tell.

Q.Is any provision related to govt civil works contractor can sub let contract to urd dealer limit to give sub contractor URD any GST, TDS on sub contract.

A. TDS applicable on sub contract & GST also applicable.

Q. At one place you said one will not get ITC if purchases goods for construction. Plz explain how GST will affect builders. Will they get ITC on raw material..? How customers will know whether Builder they are dealing with has taken ITC benefit or not?

A. On construction exp. if GST will paid not by builders in that case.

Q.My purchases in 18% IGST and my most sales is in 12% IGST, so in this case, will I get refund of excess amount of balance IGST or I have to consider as my exp and add up to cost.

A. You have option either to adjust against output tax & the same can be c/f or can take refund for the same.