GST

GST Tweet FAQ-nation-wide e-way bill system, filing GSTR-2, TCS deduction by e-commerce operator etc.

GST Tweet FAQ-nation-wide e-way bill system, filing GSTR-2, TCS deduction by e-commerce operator and credits of various cesses under GST


Question 1: can an e-commerce operator start deducting TCS payments made to suppliers?

Answer: No the operationalisation of TCS registration and collection under GST has been put on hold till 01.04.2018

Question 2: When is the nation-wide e-way bill system going to be introduced?

Answer: The e-way bill system shall start to be introduced in a staggered manner from 01.01.2018. It would be launched nationwide from 01.04.2018.

Question 3: Till the time nation-wide e-way bill system is introduced, which rules should the suppliers follow?

Answer:  Till the time nation-wide e-way bill system is introduced, suppliers shall have to comply with the way bill requirements, if any, of the states in which they are operating.

Question 4: Can you please inform how and when to file FORM GSTR-2?

Answer: The last date for filing FORM GSTR-2 is 31st October, 2017. FORM GSTR-2 has to be filed after adding or modifying FORM GSTR- 2A

Question 5: Whether credit of Krishi Kalyan Cess, Education Cess and Secondary and Higher Education cess is allowed in GST?

Answer: No, these cesses will not be available as credit under GST

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