GST

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Question Category : GST

    • How to claim exemption for convertible currency received?

      We are a freelance software service provider and we provide software services to US client. We used to submit Service tax returns with Zero tax as the amount was received in dollars and exempted. Now with GST in action, what returns should we file and how can we claim exemption for convertible currency received? In which form we can receive exemption?

      Profile photo of Laxmikant Asked By: Laxmikant 1 replies 0 helpful answers Last Updated: 4 days, 10 hours ago
    • Is RCM applicable without levying GST in the invoice?

      My client is a GST registered service provider whose annual turnover is less than Rs. 20 lakh. They raise an invoice for services provided to another GST registered company without levying GST in the invoice? Can RCM be applicable for such an invoice and my client can file GSTR1 accordingly?

      Profile photo of Prajakta Asked By: Prajakta 1 replies 0 helpful answers Last Updated: 1 week, 1 day ago
    • Can ITC be adjusted against GST liabilities?

      We are engaged in Freight forwarding and we charge our customers CGST and SGST at 6 percent on freight charges. We do not adjust ITC on our labour and purchase bills and pay the entire GST collection. Are we eligible to take ITC (GST) on our purchase that we make for tyres, consumables and the GST paid on vehicle repairing, body building etc.? Can ITC be adjusted against our GST liabilities?

      Profile photo of Sagar Dalavi Asked By: Sagar Dalavi 1 replies 0 helpful answers Last Updated: 1 week, 1 day ago
    • How to calculate excise duty amount on laying goods?

      We are located in Himachal Pradesh and we are traders. We are registered under the previous law (like Service Tax, VAT) and have import-export number. We also have a few branches in other states in the pre –GST regime and they too were registered in Service tax and VAT. We have now registered in GST and have a closing stock as on 30.06.2017. Some goods are imported and purchased from the manufacturer in this stock and some stocks are transferred and received from our Branches against Form F.
      We want to take credit on closing stock. We have also purchased Bill of entry and Invoices showing Excise duty. We have Branch’s invoices but they do not show Excise amount thereon.
      My query is how can we calculate excise duty amount on laying goods which were received from the branches.

      Profile photo of Sushma Asked By: Sushma 1 replies 0 helpful answers Last Updated: 1 week, 1 day ago
    • How to acquire HSN code without being registered under GST?

      We are packed food product manufacturer and our turnover is around Rs.1500000/- P.A. We are selling through super markets and retailer but we are’nt registered in GST.
      1. Our retailers wants HSN code for our products.
      2. How do i acquire HSN Code for my products?
      3. How to sell my product with HSN Code and witout GST number?

      Profile photo of Latifa Asked By: Latifa 1 replies 0 helpful answers Last Updated: 1 week, 1 day ago
    • Can I claim ITC for IGST collected by me?

      I am a registered dealer in Karnataka and I buy material on IGST from Maharashtra state. I sell the same material to Andhra Pradesh on IGST basis. Can I claim IGST input tax credit for this transaction or do I have to pay the full IGST collected by me?

      Profile photo of Digambar Asked By: Digambar 1 replies 0 helpful answers Last Updated: 1 week, 1 day ago
    • 'Add details' disabled in TRAN 1, please help.

      I have net carried forward from vat, i have registered as regular dealer in GST i have filled the TRAN -1 form and submitted, but not filed, now in TRAN -1 showing no records and “ADD DETAILS” disabled, all my other returns are pending because of this reason. Can anybody help me? Please send remedy for this.

      Profile photo of Digambar Asked By: Digambar 1 replies 0 helpful answers Last Updated: 1 week, 1 day ago
    • Commission received after 20th Sept. for the month of Aug. F

      I am Mutual fund distributor. Some AMCs paid me commission for the month of August 17 after 20th of Sept. How can I include that commission in August returns? Shall I include that commission for the month of Sept 17? Is this valid? Without receiving or knowing the exact commission receivable for August before 20th of Sept, how can I pay GST? Please clarify.
      Also inform me if I paid excess GST in Sept17, can I adjust the same for the month of Oct 17?

      Profile photo of Laxmikant Asked By: Laxmikant 1 replies 0 helpful answers Last Updated: 1 week, 3 days ago
    • Can I avail Both Excise Duty Credit and Vat credit in tran 1

      I have a closing stock of around 15 lacks. I have invoices with vat tax for the above amount. Can I get credit for excise duty which have been suffered while sending from manufacturer to distributor. Since I bought from distributor in invoice only vat have been registered. Should I file in 7a for excise credit and 7c for vat credit in Tran 1?

      Profile photo of Muthu Kumar Raj Asked By: Muthu Kumar Raj 1 replies 0 helpful answers Last Updated: 2 weeks ago
    • Can I claim ITC for purchases made in July 2017?

      I have 2 queries:

      1. Will I be able to claim the ITC for purchases made in July 2017 for the tax liability in July 2017 in GSTR-3B? If so, kindly guide me with the procedure for the same. If not, am I supposed to pay the entire amount due up-front by creating a challan to credit the Electronic Cash Ledger?

      2. Can I file the Tran-1 form before September 30, 2017 and claim the credit for the same in the returns filed for any of the subsequent months?

      Profile photo of Ankita Asked By: Ankita 1 replies 0 helpful answers Last Updated: 2 weeks ago