GST:QUESTIONS AND ANSWERS - 25:10:2017
I am engaged in courier
service profession. For this how much percentage of GST must be levied? How
should the place of service be assessed?
For the service you are
rendering, you must levy 18% tax. The place of supply will be determined
depending on the receiver of the service. If the receiver is a registered
person, his place will be deemed as the place of supply. If the receiver is not
a registered person, the place where the goods are handed over for dispatch,
will be deemed as the place of supply.
What is GST network? Is
it a Government establishment?
GST infrastructure is featured
with electronically linked technological capacity. The establishment formed for the purpose of
designing and maintaining such infrastructure is GST Network Structure. This is a non-profit and non Government
establishment formed under Indian Companies Act. It handles the important
functions such as GST registration, making payment and dealing with returns.
Is there any powers to
Government Officers for confiscating the goods under GST rules?. If so, on
which circumstances, such confiscation can be done?
The Authorities of GST
can confiscate the goods. As per the rules under GST Act, under the following
circumstances, the confiscation of goods can be done.
Engaging in tax evasion while sending or receiving the goods against the GST
Omitting to account the tax to be
Colleting the GST tax without
Engaging in tax evasion directly or
What are the
consequences will happen, if a registered person fails to remit the tax
collected by him?
Each and every person
who collects the GST must remit the same to the government at the prescribed
due date. If failed to do so, by the Government Authorities, Notice will be
issued and GST will be collected along with interest and penalty.
As per VAT rules, there
is an outstanding “refund amount” due to me. Under GST structure, will that amount
be available as SGST Input Tax Credit (ITC)?
After implementation of
GST, the outstanding refund amount as per the previous tax rules will not be
available as Input Tax Credit. Instead, the amount so confirmed, will be
credited in your bank account.
We are manufacturing compound asafoetida. Under which HSN code, this will come? For this, how much percentage of tax is to be levied?
the item you mentioned, 5% tax will be levied. Moreover, it will be classified
under HSN Code 1301.
the submission of return GSTR – 3B,
should the details of GSTR-1 and GSTR-2 be uploaded?
In lieu of GSTR-1
form, a simplified GSTR-3B form must be submitted. For this, there is no need to
upload the details of GSTR-1 and GSTR-2.