After GST implementation, now, while
importing goods, should the IEC code be submitted or GST number?
Now, during export or import, both IEC
code and GST number must be submitted. After linking all the required
particulars electronically, it is enough to submit only GST number.
We are running a “cake shop” at
Ranipettai. In this, we are selling
cake, sweet and karam varieties. During
sales, how much percentage of tax is to be levied by us? Shall we opt composite
You must collect 18% for cakes, 12% for
Karams and 5% for sweet varieties as tax and remit. If your annual turnover is
not exceeding the maximum limit of Rs.1 crore stipulated for composite tax
scheme, then you can opt the same.
We are operating an establishment for
marriage invitation designs. While printing marriage invitation, how much
percentage of GST must be levied for that?
For this supply, you must levy 12% tax.
We are having rice godown in Thanjavur.
Agriculturists and brokers are keeping their rice bags in our godown and paying
rent. In the rent, how much GST must be levied by us?
For the rice godowns, there is an
exemption from GST. Therefore, GST will not be levied on the rent you receive.
I have applied for GST new
registration. Now, can I collect GST through
my tax invoice?
You can collect tax only after getting
GST. Before that you must not collect
tax. In the tax invoice also, GST cannot be mentioned separately.
We are running a charitable trust. We
have obtained income tax exemption also for that. For the supplies made through
charitable trust, will GST be levied?
Full exemption has been provided from GST
for the charity transactions of an establishment which has obtained exemption
from Income Tax Department.
What is the importance of the place while
making supply? Should the place of supply compulsorily be mentioned in each tax
Under GST Act, the place of supply occupies an
important place. If the place of supply
and the place of person making the supply are in different States, Integrated
Tax must be levied. As per your
question, there is no need to mention the place of supply in each tax invoice.
In the tax invoice of supply to Other States, the place must be mentioned
We are engaged in the services of
collecting waste, refining waste water and other environment protection through
our establishment. For this, how much percentage tax must be levied. Is there
any exemption for the environment protection service?
For all the services
you have said, 18% tax must be levied. There is no concession in tax as you
desire. For all your services, you can avail 100% input tax credit.