GOI’s GST Updates on Twitter dt. 24 Nov. 2017 (6 Sets of FAQs)
On 24 Nov. 2017, Official twitter handle of the Govt. of India has issued 6 sets of FAQs containing tweets from taxpayers and their replies as per applicable provisions of the GST laws, as under:
GST: FAQs (Set-1)
Q1. 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?
Ans. No, as per section 140 of CGST Act.
Q2. We have accidentally filled GST amount in wrong head. Filed under Cess. Can this be changed?
Ans. 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.
Q3. Can an unregistered vendor with annual turnover under INR 20 lakh supply services to SEZ Developer/ SEZ Unit?
Ans. Yes (Refer Notification No. 10/2017 Integrated Tax dt. 13.10.2017)
Q4. Is the payment of tax required on receipt of advance in case of goods now?
Ans. No (Refer Notification No. 66/2017- Central Tax dt. 15.11.2017)
Q5. What ts the last date for filing ITC-04 for July-Sept. Quarter 2017
Ans. 30th December, 2017.
Q6. I am an ISD. By when can I file ITC-06 for July, 2017?
Ans. By 31st December, 2017
Q7. If goods are destroyed or lost due to various reasons, can a person take ITC for such goods ?
Ans. No, a person cannot take ITC with respect to goods lost, stolen, destroyed or written off.
GST: FAQs (Set-2)
Q1. Is ITC available on vehicle taken on lease for employee in a manufacturing company?
Ans. No. It is not allowed as per section 17(5) of CGST Act, 2017.
Q2. 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 months of July-October, 2017 on or before 31st December, 2017.
Ans. 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.
Q3. In GST portal GSTR 2 online preparation is not showing, but in GST home page GSTR 2 filing last date is 30.11.17. Please confirm whether we have to file or not?
Ans. Last dates for filing FORM GSTR-2 are yet to be notified. Please refer to Notification No. 57/2017-CT and Notification No.58/2017-CT dt. 15.11.2017.
Q4. Is it necessary to Provide Job work Challan details in GSTR-1 filing online??
Q5. What documents are needed for Sales return from unregistered persons. Do I need to issue debit note on behalf of him. please clarify.
Ans. Registered person will issue a credit note to the unregistered person.
Q6. What is last date for filing FORM GST TRAN-1 ?
Ans. 27th December, 2017.
Q7. How to convert regular GST registration into ISD registration?
Ans. 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”.
GST: FAQs (Set-3)
Q1. Is FORM GST CMP-3 compulsory for migrated dealer or for new dealer who opt for composition scheme or for both?
Ans. It is only for migrated dealers as per rule 3(4) of CGST Rules, 2017
Q2. Have received refund from previous regime of CBEC at Cenvat credit of my pre-deposit. How to avail it.
Ans. It can be claimed as per the provisions of Section 140 of CGST Act, 2017.
Q3. What is the due date for filing FORM GSTR-4 for the quarter of July 2017 to September 2017 ??
Q4. Sir B2B business me outward supply me bill amount ke uper interest add hoke aata he to interest par kitna GST lagta he
Ans. The rate at which the corresponding supply is taxed.
Q5. When wil RFD-01 be functional on GST site so that refund in cases other than exports can be claimed?
Ans. In place of FORM GST RFD-01, a new FORM GST RFD-01A is available on the common portal for claiming refunds. Please refer to Circular No. 17/17/2017-GST dated 15.11.2017.
Q6. Less ITC is claimed in GSTR-3B but books had more ITC. GSTR-3B is filed, how to claim differential ITC ?
Ans. You can claim ITC in the subsequent months.
Q7. More Output is shown in another GSTR-3B because Tax Paid on Advances could not be adjusted in books, how to rectify that increased Output?
Ans. You can utilise the amount paid to discharge future tax liability.
GST: FAQs (Set-4)
GST: FAQs (Set-5)
GST: FAQs (Set-6)