GST – LATEST

GST – Q AND A

Q. Is RCM applicable on service availed from unregistered Goods Transport Agency?

A. Yes

Q. What is meaning of TBU in GST site?

A. To Be Updated

Q. Is GST input available on payment made to tour operator for flight booking?

A. Yes

Q. Supplier have submitted invoices, but have not filed GSTR1.  I am not able to take any action on the respective in GSTR2. What to do?

A. You can add those invoices.

Q. In case of a exempted co but migrated due to old service tax regime will its B2C exempted invoices be shown in GSTR1?

A. Yes consolidated details.

Q. Nil rated goods purchased from reg. dealer. He is not upload invoice in GSTR1. What should i do?.

A. Because no need to upload exempted invoice details,  as no ITC.

Q. Can ITC be claimed in business for car battery changed from registered dealer under company's Director name?

A. No

Q. When the credit ledger will be credit if tax paid under RCM in the month in which it paid or next month?

A. Same month

Q. I wrongly claimed ITC in 3b for the Sept,  how to rectify it?

A. As 3B is not editable, Can be rectified in GSTR2 for same month

Q. Balance can be adjusted to payoff SGST liabilities. Only CGST cannot be adjusted against SGST and vice-a-versa?

A. Only credit balance adjustable, cash balance can't be adjusted

Q. Can GST input be taken of restaurant bill while food was taken with business associates?

A. ITC not allowed.

Q. GST in RCM still applicable on GTA after13th Oct.?

A. Yes

Q. How we enter HSN code of those supply who gave us invoice without mentioned HSN Code due to his turnover less than 1. 5 crore?

A. Return can be submitted without showing HSN Code summary but it is compulsory.

Q. Do we have to show all expenses in GSTR2 for which voucher is prepared?

A. All inward supply.

Q. Supply made to SEZ without tax - Tax invoice should be issued? Or bill of supply?

A. Tax invoice

Q. For GSTR3b "Download Filed Return" button is not working. Is it my problem or same for all?

A. For all

Q. A registered person in Tamilnadu incurred hotel expenses on his business trip in Mumbai. Are we eligible for ITC of CGST?

A. No

Q. IGST paid instead of SGST. Can it be adjusted against SGST? There is no IGST liability.

A. No you can't adjust. Have to pay again IGST can be claimed as refund.

Q. What is maximum late fee in GST?

A.10000 for return (CGST 5000 + SGST 5000).

Q. If daily expenses (inward supply not for resale) is less than 5000 than do we have to show it in GSTR2 and 3B under exempt or non GST?

A. Show under Exempt.

Q. If i purchased printer can i avail ITC?

A. Yes you can avail.

Q. Renewed tally license online. Can I avail it's ITC?

A. Yes if invoice contain your GST number.

Q. In July we paid 18000 as reverse charges, in which form can I Claim it? It's not showing up in my ITC.

A. You can claim it in 3B/ GSTR2 return for same month.

Q. If I submit return now and filed tomorrow after payoff, then penalty will be levied?

A.Yes 200/- per day.

A. Download filed return button would be enabled once the taxpayers files the return(2).

A. Person providing any exempt service may also opt composition scheme. Value of such service will also not be included in aggregate turnover limit.

A. Plastic Kitchenware should be at equal GST rate as on Steel, Woods, Porcelain or China Kitchenware.

A. Single invoice-cum-bill of supply may be issued where registered person supplies taxable and exempted goods/services to unregistered person.

A. RCM will not be deferred for GTA expenses, lawyer services.

A. Reverse charge in case of purchases from unregistered. Dealer will be deferred till 31.3.18. Date of applicability will depend upon notification.

A. ITC on supplies used in construction of immovable property not allowed to the extend capitalised.

A. ITC of car repair expenses and car insurance premium is available if used for business purpose.

Q. How to claim ITC of Reverse Charge under section 9(3) paid by the dealer as in GSTR 2A is showing Nil amount of CGST and SGST

A. As tax is payable by recipient he has to declare in Table 4 of GSTR-2.

Q. My supplier has not given details of invoices having exempted products do I have to add these invoices manually or should I exclude them?

A. No need to add these invoices. Put the consolidated details in Exempted Supply tab.

Q. What will be the late fee if GSTR 1 filed after 31st Oct?

A.100 Rs per day - refer section 47 CGST act and same Rs 100/- per day for SGST. It means 200/- per day and maximum 10000.

Q.Are you able to see your purchase invoices in GSTR2? GSTR2A data is not populating in GSTR2?

A.In some cases GSTR2A data is not populating in GSTR2. To do so Click on "Generate GSTR2 Summary".

Q.We have late filed 3b, we have enough balance of cash ledger, can we adjust interest and late fee against available cash balance?

A. Not adjustable. You have to pay by cash fee & Interest.

Q. Will it auto calculate the 'late tax' or we have to calculate and put in the return?

A. we have to calculate late tax i.e. interest.  Late fee will auto calculate.

Q. Can I let the wrong GSTR3B be as it is, file the correct 3Bs for other months and correct the mistakes of wrong 3B in GSTR 1, 2 and 3?

A. Yes you can do so

Q. I have paid RCM on rent for Aug and shown it in 1st box of GSTR-3B as liability but forgot to shown as input in 3rd box ITC available, can I add to September ITC available?

A. Claim in GSTR2 for Aug month.

Q. What if, if we paid late tax for the month of August?

A. Interest to be charged.

Q. I can see vendor invoices in 2A. But can't see in GSTR2? How to transfer them in GSTR 2?

A. Click on " Generate invoice summary"

Q. Purchased a laptop Rs 30000 as fixed assets can I claim input in a 1 year or in 5 yr. Can I show depreciation without input claim?

A. Can be claimed at once. Don't charge depreciation on tax component to avail ITC

Q. I distributed Diwali gifts to our business clients. I have tax invoice bill in my company name. Can I avail ITC?

A. ITC on gifts is blocked u/s 17(5) of CGST.

Q. I have entered some cancel bills in my GSTR-1 of July, how can I rectify that? Otherwise tax liability will raise in GSTR-3?

A. Ask your recipient to reject these invoices.

Q. If counter party submit status is no, then do i have to add supplier invoice again?

A. Yes you can do so to avail ITC in same month

Q. How much value of stamp papers are required for consent letter to be uploaded while making registration??

A. It can be Rs.10 or more

Q. GST on rent under RCM is also suspended till 31st March 18?

A. Yes

Q. Input credit on Hotel stay in another state is allowed?

A. No

Q. In what name the invoice will be issued in case of freight paid on RCM ?

A. Name of supplier.

Q. In which form we have to show transaction of RCM paid towards GTA, GSTR1 or GSTR2

A. GSTR 2 

Q. HSN summary is mandatory to upload turnover is more than 1.5C in previous year or current year?

A. Previous year.

Q. Can we provide only B2B Invoices HSN Summary in GSTR 2

A. All inward supply details 

Q. For the month of October November December tax amount if payable, is to be paid monthly or

quarterly with return?

A. Notification awaited.

Q. What is appointed day???

A. 1st July 2017 for GST.