Are the export procedures simplified
after the implementation of GST?
Yes. At present, the procedures to do
exports have been simplified. The procedures for registration of documents are also
simplified. Now, it is not needed to
file the documents such as ARE-1, ARE-2, which are required to be filed
earlier. It is enough to have only shipping
It is said that GST registration must
have been obtained if supplies are to be made to the establishments in Special
Economic Zone i.e. SEZ. Please clarify.
Special Economic Zones are having a
separate recognition. The supplies made
to Special Economic Zones will be treated at par as a supply to other states.
Therefore, GST registration is must for such transactions, since a registered
person only can engage in the supplies to Other States.
We are importing goods from Foreign
Countries. We re-export such goods to other countries. Prior to the
implementation of GST, there was a privilege of duty draw back on such
transactions. Will the privilege
continue even after implementation of GST?
Can we avail such privilege if the goods, purchased before GST, are
re-exported after implementation of GST?
All the privileges which were available
before the implementation of GST will continue to be available. The privilege of duty draw back will also continue
even after the implementation of GST.
The amount paid as combined GST and Compensation Cess can be got back as
I am operating a restaurant. If I opt composite tax scheme, should 5% CGST
and 5% SGST tax be remitted?
If a person operating the restaurant is
opting composite tax scheme, it is enough to remit only a total privilege tax of
5%. That tax percentage has to be
divided as 2.5% for CGST and 2.5% for SGST and to be remitted.
I am a working in a software
company. I propose to sell my car for
Rs.4 lacs. Is there GST on this? If my company purchases this car, should the company
remit tax for that?
Such transaction will not be treated as
the one done during the course of the business or for promotion. Hence there is
no GST. Your company need not pay the tax even if it purchases the car from
We are manufacturing the goods by our
establishment in Tamilnadu. We sell the goods of ours and of others separately.
Now, should we register for GST separately for the manufacturing and sales?
You need not obtain two registrations. You can obtain a single GST and then engage in
all the supplies viz., manufacture, sales and service etc.,
I have opted for composite tax scheme.
Shall I continue in the composite scheme till the year end when my annual sales
turnover exceeds Rs.75 lacs?
You cannot continue. You will be switched over to normal tax
scheme when your annual sales turnover exceeds Rs.75 lacs.