It is said that
manufacturers of goods must obtain GST Registration. Please explain this?
There is no compulsion
to obtain GST Registration by all those engaged in manufacturing. Only if their
annual sales turnover exceeds Rs.20 lacs, GST registration is needed. If he is
engaged in Other State Supplies, Registration is compulsory.
I am a manufacturer and
have opted for composition tax status. While remitting tax, how much percentage on
Sales must be remitted as GST?
Your must remit 2% GST
on the total sales turnover. Divide it as 1% for CGST and 1% for SGST and remit
the tax. You cannot avail Input Tax
We are engaged in
agriculture. Our total annual income is
above Rs.20 lacs. While selling the cultivated goods to Committee or supplying
the sugarcane to Sugar Factory, should we deduct GST?
An agriculturist who is
engaged in agriculture and supplying the cultivated products need not register
for GST. There is no GST for the products cultivated by you.
If the goods are packed
in packets, labeled and sold, will they be deemed as branded goods?
Not all the goods
packed in packets, labeled and sold are deemed as branded. To get such brand
name, the company must have obtained patent right or trade mark. Only if it so,
such goods will be considered as branded one.
We have opted for
composition tax levying scheme. Can we issue tax invoice? In the said invoice,
can we collect tax?
Person opted for
composition tax scheme cannot collect GST tax. Moreover, at the time of sale, he/she
must issue bill of supply, instead of tax invoice. In that, all the details of
supplies must be mentioned.
Should the GST details
be mentioned in the tax invoice separately or should it be added with the total
In GST Act, a separate
section is there for this. In the tax
invoice, the details about the tax must be mentioned clearly.
Will the amount
collected as Swachh Bharat Cess in restaurants be included in GST? Or, should
it be collected separately?
implementation of GST, the Swachh Bharat Cess, Krish Kalyan Cess will not be
collected. On such tax paid earlier, the input tax credit cannot be availed.