I am working in an
establishment. From my annual salary, professional tax is being deducted. Will
it be cancelled after GST implementation?
The taxes on goods and
services have been unified and GST has been introduced. But the professional
tax will not come under the ambit of GST. Therefore, the tax deducted from your
salary will be continued. While remitting income tax, you can deduct the
We are selling rain
coats on whole sale basis. In some months, there won’t be any sales. On such
months also, are the GST returns to be submitted?
Yes. A registered person, even if he is not engaged
in supply in a month, must submit the
returns on the respective dates.
After applying online
to obtain new GST registration, should the respective documents are to be sent
directly or through post?
Since the filing of all
documents is in electronic format under GST Infrastructure, it is enough to
file online application. There is no
need to submit any document directly or through post.
We are selling
sculptures and gift articles made in marble. For this, how much GST is to be levied?
For the above said
sculptures made in marble, you have to levy 28% GST.
While sending the goods
for job work, are the details of accounts to be kept and maintained by the
principal supplier or the service man engaged in job work.
As per GST Act, the
details of goods sent to and returned from the service man are to be maintained
by the principal supplier. The ITC can be availed only by keeping and
maintaining such details.
There is no ITC to us
as on June 30th 2017. Should we submit the details of stock in hand
on that date to the government?
Since there is no ITC
to you, you need not submit the details to the Government about the stock in
hand on 30.6.2017
We are selling the
spare parts for printers. Previously, we had not registered for VAT. Now, we have applied for GST. Can we avail
ITC for the stock in hand as on 30.6.2017.
Yes. You can. Even if you were in the unregistered status
for VAT previously, you can avail ITC for the stock in hand. For this, you have
to apply through the form GST TRAN-1.