GST FAQ-Eight question answered by Official twitter handle of the GoI for replying queries on GST . Tweet dated 18-12-2017
Question 1: The query is not clear
Answer: The query is not clear. However if it is import of services, RCM is applicable. Refer Notfn., 10/2017-IT Rate. dated 28.6.2017.
Question 2: One of my client having itc 39 lak he is doing a business of textiles to export. He opt at the time of shipment with out payment of igst. In gst portal now refund option is available. May i claim refund of itc by filing rfd1 right now or else suggest me?
Answer: U can claim refund of accumulated credit. Pl. refer circular 17/17/2017 dt. 15.11.2017 for detailed procedure.
Question 3: Is RCM applicable for service & software import by IT company for export Services or full fill international client needs?
Answer: Yes. Import is considered as interstate supply. Refer Sec 7 of IGST Act.
Question 4: I am Exporter of services. My all receipts will be in foreign currency. My aggregate turnover for the FY 2017-18 will be INR 12.00 Lakhs. Whether I require to take registration under GST. No input GST is involved in my business.
Answer: Persons making any interstate taxable supply has to take registration. Refer Sec 24(1).
Question 5: Sir. How to apply for cancellation of gst registration applied voluntarily, since igst notification 10/2017 exempt service provider with value of services less than 20lakhs from obtaining registration?
Answer: Pl. apply in form REG-16. In case of any difficulty in system write to
Question 6: Composition dealer Registered on 19.09.2017. Form GSTR 4 for July-Sept NOT available on GSTR Portal. How to file return for that period ?
Answer: U can filed GSTR 4 upto 24th Dec, 2017. Any system difficult write to
Question 8: whether CMP-3 to be filed by persons who were already in composition scheme in pre GST era and persons who were dealing in Tax free goods like fabrics (now opted for Composition )
Answer: Yes----------- Similar Posts: -----------