I am cultivating cashew
nuts and selling to the wholesalers. My total annual sales turnover is around
Rs.25 lacs to Rs.30 lacs. Is there GST for Cashew nuts? Should I register?
For Cashew nuts, 5% GST
is applicable. As a cultivator, you need not collect the tax. The wholesaler who has registered with GST can
pay the GST to the Government at the time of procurement under reverse charge
basis and avail himself of the input tax credit.
We are exporting tea.
We have engaged agents in foreign countries. Should we pay GST under reverse
charge basis when we pay commission to them?
Generally, if the
service provider is in a foreign country and the receiver of services is in
India, for such transactions, the receiver of service in India must pay tax
under reverse charge basis. But the service provided by the foreign agents, as
you mentioned, will not be considered as service provided in India. Therefore,
there is no reverse charge basis.
Whether a person can modify
at the time of payment, if he has wrongly paid SGST or CGST instead of IGST?
It cannot be modified.
The amount due to paid under IGST must be remitted. Then he can apply for
Under GST Act., what is
Electronic Ledger or
E-ledger is the status report of a registered tax payer for theng cash
transactions and input tax credit. Moreover, there will be E tax report for
each tax payer. If a tax payer is
registered in GSTN Web-portal, two electronic ledgers (cash and input tax
credit ledgers) and E-Tax report will be generated automatically. They will be available in our computer dash
board and will be visible always.
Can the GST be paid in
installments? Will there any adverse effect, if only returns are filed without
payment of GST?
Tax cannot be paid in
installments. Filing returns without payment of tax will not be taken into
We are engaged in
construction business. We have made builders’ agreement before the
implementation of GST. Now, should we collect GST while billing?
Yes. You should collect
GST as you are billing after implementation of GST.