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GST:QUESTIONS AND ANSWERS - 17:07:2017

We operate lodges and guest houses in Bangalore. If foreign tourists stay in the lodges/guesthouses , should we collect GST? Is there any exemption?

Answer:

There is no exemption. GST should compulsorily be collected from the foreign tourists also.

Question:2

I am dealing in crackers business and my total turnover per year is around 5 lacs. My purchases and sales are within Tamilnadu. Should I register under GST ?

Answer:

Your yearly turnover is below Rs.20 lacs and your sales is within a State.  Therefore, there is no need to register under GST

Question:3

We have opted composite scheme under GST.  Is there any prohibition to purchase goods from other states?

Answer:

There is no bar in procuring from other states. But you cannot make sales in other states.

Question 4

I have opted Composition Scheme under GST. Is it enough, if pay composite tax every quarter?.

Answer:

For those opted Composition Scheme under GST, the tax pertaining to the sales in any month, should be remitted within 20th of the next month. However, he/she  must file the returns once in a quarter.

Question 5

I am procuring tender coconut in whole sale and selling to retail sellers. Is there GST for tender coconuts? If so, what is the percentage?

Answer:

Tender coconut is exempted from GST. Therefore, GST need not be collected. But, if the same is sold as a branded package, then you will have to collect 12% GST.

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