Latest 16 GST FAQ based on Tweet reply by official twitter handle of GoI for queries on GST in response to different queries asked
Question 1: If the MRP on a packet of edible oil says Rs. 750. Can the seller charge GST on it? Rs. 48.34 has been charged.
Answer: GST is included in MRP itself. He cannot charge GST over and above MRP.
Question 2: I made a mistake in amount of cash sale in GSTR-1 of July and filed this return. Now I can’t edit this amount.
Answer: You can provide corrected information in next month’s return.
Question 3: Is it really possible to maintain HSN summary of inward supplies as required in form GST 2?
Answer: Summary is required to be given in Table 13 of GSTR-2.
Question 4: If RCM is not filed & paid in July GSTR-3B return and filed & paid now in GSTR 2, need we pay any late fee or interest?
Answer: Pl see circular no. 7/7/2017 dated 01/09/17.
Question 5: Whether HSN summary is required to be given of exempted and nil rate supplies in GSTR 3?
Answer: GSTR-3 does not contain any such Table.
Question 6: Supplier filed one invoice as b2c but tax payer consider as input credit then what needs to be done in gstr 2 ?
Answer: Recipient needs to add that invoice in his GSTR-2.
Question 7: What about refund procedure to exporters? It was to be started from 10 Oct. Still no update on portal.
Answer: Refund of IGST paid on exports already started. For others detailed circular is being issued.
Question 8: We have opted composition scheme in Sept’ 17, now we don’t allowed to file GSTR2 return for July, it shows Qtrly periodicity?
Answer: Pl write to @askGSTech
Question 9: क्या जुलाई माह का GSTR-1 Oct-31 के बाद File किया जा सकता है?
Answer: GSTR-1 for July can be filed after date for GSTR-2 is over. Pl see first proviso to section 37(1).
Question 10: Exemption from reverse tax has been issued only in October. Pls clarify if reverse tax is applicable for July to September?
Answer: Notification is effective from date of notification.
Question 11: If work contractor received contract before GST but WC completed after GST then GST liability arise or not?
Answer: Please see section 142(10).
Question 12: We are MSME and exported to SEZ..with duty payment. Please let us know how to claim refund in view of extension of return filings?
Answer: Detailed circular is being issued.
Question 13: How to claim refund of IGST paid on services Exported in the month of August? How to go for LUT for export services?
Answer: Pl see circular no 8/8/2017 and Not No 37/17 both dated 4/10/17. Detailed circular is being issued about process of claiming refund.
Question 14: I want to take two registrations in one state on one PAN as different business verticals, Is there any special procedure?
Answer: Pl see rule 11 of CGST Rules.
Question 15: Any notifications for convert regular to Composition scheme, as it available in the portal. Can Now we convert regular to Composition?
Answer: Please see amended rule 3(3A) as notified vide Not No. 34/17- Central tax (CT) dated 15/09 as amended by Not No 45/17 – CT dated 13/10.
Question 16: Is it compulsory to put HSN code wise details in GSTR 2?
Answer: Pl see instruction no. 16 below GSTR-1 and no. 14 below GSTR-2.
