We are operating sales depots in two states. We
obtained GST registration for these two depots. At present, we maintain
combined account books for these two States depots at our Chennai Head
Office. Is it right? Or two separate
accounts are to be maintained?
Separate account books for each registered place are
to be maintained at the respective sales depot.
I am operating a jewellery shop. In a question
answer page on GST published in a daily newspaper, it has been said that GST
need not be remitted under reverse charge basis if old jewels are replaced with
cash or new jewellery. But some persons say that such transactions will attract
GST. It is confusing. Please explain.
There is no change in GST rules. Such transaction
will not come under the ambit of reverse charge tax of GST rules because the
customers can not be treated as businessmen in these transactions. However, if an unregistered jeweller sells
jewels to a registered jeweller , then GST will be applicable for the
We are operating a departmental store. Around
200-300 customers are buying things from us daily. While submitting the GST
returns, should we file all the invoices with all particulars related to price?
This is difficult for us.
While submitting the returns, there is no need to
file the sales as per the invoices provided to the consumers. It is enough, if
you provide the total sales done per day to the consumers.
Under GST Framework, within how many days refund
will be given for Exports
As per the guarantee of the Central Government,
90% of the amount will be given within 7 days from the date of application for
the refund. Remaining 10% will be given
after scrutinizing the application.
We have not registered for VAT. But we have registered for GST. During a
questions and answer session on GST, it has been clarified that the input tax
credit can be availed upto 60% on the stock as on 30.06.2017. Should the stock be sold within July 2017 or
any concessions available?
You have to sell 30.06.2017 stock within 6
months. 60% of input tax credit can be got back, out of the tax paid every
month based on the total sales of the month.
I am operating a marriage hall. For this, how
much percentage tax should be levied?
You have to collect