Category: TAX

  It is always better in the GST regime to declare the freight charges separately in the invoice as now services received from Goods Transport Agency (GTA) are attributable to liability of reverse charge at the rate of 5% . On these services the GTA has no liability of payment of taxes but the recipient … Continue reading Important Clarifications Regarding Transportation Charges In The GST Regime

Query -1  What is GST rate of tax on services relating to chilling of milk etc. ? Reply : Chilling charges fall under the ambit of GST . The  services of chilling the milk etc are not specifically mentioned in the List Of Services taxable at the rate of 5% , 12% , 18% or … Continue reading GST Queries Relating to Dairy Industry :

Whether any person , who is otherwise eligible for Composition Levy Under Section 10,  has goods imported from outside U.P. in the Stock held on the Appointed  Day i.e. Ist July ,2017 , will get the benefit of composition levy? Reply: If any person has any goods imported from outside the State in the stock … Continue reading Query Relating to Composition Levy In GST :

Query : Whether persons executing business of buying and selling of cloth / textiles will have to pay tax under section 9(4) on the stock held on 1st July , 2017 i.e. the appointed day , to get the facility of composition under section 10 of the SGST/CGSTAct , 2017. Reply : It is quite … Continue reading Taxability In Respect Of Stock Held On The Appointed Day By Traders of Cloths/Textiles If Opted For Composition Levy :

Query : Who shall pay the tax on service charges in respect of services provided by the GTA in respect of transportation of goods by road ? What will be rate of tax on such services in the GST regime ? How this Tax shall be paid ?  Reply : According to notification No. Ka.Ni.-2-844/XI-9(47)/17. … Continue reading Query Relating to Transportation of Goods By Road In Goods And Services Tax

Query-1 : If we transfer material from our Allahabad Unit to Noida Depot should we charge tax on such transfer ? Reply : Before discussing the issue of taxability , the related law is to be discussed . • It is pertinent to note that Schedule-I of the SGST / CGST Act , 2017 embodies … Continue reading Queries Related To Stock Transfers And Job-work In Goods And Services Tax

• It is quite evident from the provisions of section 16 of CGST / SGST Act and rules 36 and 37 made thereunder that except in case of liability under reverse charge ,the ITC shall be claimed by a taxable person on the basis of Tax Invoice subject to the following conditions, namely- (i) such … Continue reading Clarification Regarding ITC :

प्रदेश सरकार ने e-way bill की व्यवस्था लागू कर दी है जिसके सम्बन्ध में मेरे पास अनेक फोन आये है। इसके सम्बन्ध में जो जानकारी विषयक कठिनाइयाँ मेरे संज्ञान मेंलाई गयी हैं उनके निवारण हेतु निम्न तथ्य शासकीय विज्ञप्ति सं० -क० नि० -२ - १०१४ /ग्यारह........ दिनांक २१,जुलाई , २०१७ के आधार पर स्पष्ट कर … Continue reading उत्तर प्रदेश में e-way bill की व्यवस्था :

Whether registration is necessary for the person who is executing business of exempted goods ? Ans: A person , who is executing business of exempted goods only,  is not required to take registration in the GST regime as per the provisions embodied in section 23 of the SGST Act, 2017 and CGST Act, 2017 . … Continue reading GST Queries And Replies :

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