13 New FAQs on GST replied by Government on 26.12.2017

13 New FAQs on GST replied by Government on 26.12.2017
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Question No. 1: Can a manufacturer who was not registered in excise take credit of goods on which he doesn’t have duty paying documents i.e. Can he take deemed transitional credit?

Answer: No, as per section 140 of CGST Act.

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Question No. 2: We have accidentally filed GST amount in wrong head. Filed under Cess. Can this be changed? 

Answer: A Circular detailing the procedure for manual filing of the application form for refund will be issued shortly. Or else, the amount paid can be used to pay future tax liability.

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Question No. 3: Can an unregistered vendor with annual turnover under INR 20 Lakh supply services to SEZ Developer/SEZ Unit?

Answer: Yes. (Refer Notf No. 10/2017-Integrated Tax date 13.10.2017)

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Question No. 4: Is the payment of tax required on receipt of advance in case of goods now?

Answer: No. (Refer Notf No. 66/2017-Central Tax date 15.11.2017)

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Question No. 5: What is the last date for filing ITC-04 for Jul-Sep Quarter, 2017?

Answer: 30th December, 2017

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Question No. 6: I am an ISD. By when can I file ITC-06 for July, 2017?

Answer: By 31st December, 2017

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Question No. 7: If goods are destroyed or lost due to various reasons, can a person take ITC for such goods ?

Answer: No, a person cannot take ITC with respect to goods lost, stolen, destroyed or  written off.

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Question No. 8: Is ITC available on vehicle taken on lease for employee in a manufacturing company?

No. It is not allowed as per section 17(5) of CGST Act, 2017.

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Question No. 9: We are dealer having more than 1.5 cr turnover. Whether GSTR-1 return to be filed for every month for July-October, 2017 or Single GSTR-1 Return will be filed for the month of July-October, 2017 on or before 31st December, 2017.

Answer: FORM GSTR -1 return is to be filed for every month from July-October, 2017 by registered persons having more than 1.5 cr turnover. Last date is 31st Dec, 2017

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Question No. 10: In GST portal GSTR 2 online preparation is not showing, but in GST home page GSTR 2 filing last date is 30.11.17. Pis confirm whether we have to file or not?

Answer: Last dates for filing FORM GSTR – 2 are yet to be notified. Please refer to Notf No. 57/2017-CT and Notf No. 58/2017-CT dated 15.11.2017.

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Question No. 11: Is it necessary to Provide Job work challan details in GSTR -1 filing online ??

Answer: No.

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Question No. 12: What documents are needed for Sales return from unregistered persons. Do I need to issue debit note on behalf of him. please clarify

Answer: Registered person will issue a credit note to the unregistered person.

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Question No. 13: How to convert regular GST registration into ISD registration?

Answer: You will have to first cancel the regular registration by filing FORM GST REG 29 and then take a fresh registration by filing FORM GST REG-01 choosing ISD in the field “Reason to obtain registration”.

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REGARDS

ACA SOURAV BAGARIA