GST Latest 11 Tweet FAQs issued by GOI Official Twitter Handle for answering GST related queries
Answer: You can transfer your business and as per sec 22(3) of CGST Act, the person to whom you have transferred shall be liable to get registered with effect from the date of such transfer or succession.
Answer: If no ITC was availed, then as per rule 32(5) of CGST Rules, value shall be the margin value
Answer: CGST and SGST as per sec 10(1)(a) since Place of Supply in this case is where the movement of the goods terminated for delivery to the recipient.
Answer: Yes. Details of zero rated services are required in GSTR 3B
Answer: It is applicable to all registered persons who did not opt for composition levy under Section 10 of CGST Act, 2017
Answer: As per exchange rates notified under Customs Act
Answer: Credit note may be issued and tax liability can be adjusted within a time limit- pls. refer to sec 34.
Answer: No. Job worker would be required to obtain registration if his aggregate turnover exceeds the prescribed threshold limit.
Answer: ITC with respect to free samples is not allowed. Sec 17(5)(h) refers
Answer: As per section 54(3) of CGST Act, 2017, refund of ITC is not allowed if goods exported outside India are subject to export duty.
Answer: GST is leviable on advances received for supply of services
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