Pooja Return Services

No. 72

How to sales turnover in case of businesses?

Where an assessee is on more than one , sale turnover or gross receipts from all businesses shall be clubbed together. However, if the assessee is opting for the presumptive taxation , the of such businesses shall be excluded while determining his total sales turnover or gross receipts.

No. 62

Composition

Scheme is not available to of ice cream and other edible ice, whether or not containing cocoa, Pan Masala, Aerated Water(w.e.f. 1-10-2019) and ***co manufactured to***co substitutes. [Notification No. 14/2019-C.T., dated 7-3-2019 as amended vide No. 43/2019-C.T., dated 30-9-2019 (earlier Notification No. 8/2017-C.T., dated 27-6-2017)]. This restriction is also to new composition scheme introduced vide Notification No. 2/2019-C.T.(Rate).

No. 71

Can a tax payer challan in multiple sittings?

Yes, a taxpayer can fill in the challan form and temporarily “save” the challan for at a later stage. A saved can be “edited” before finalization. After the payer has finalized the challan, he will generate the challan, for use of payment of taxes. The remitter will have option of printing the challan for his record.

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No. 61

Composition

input would also be to person receiving form composition dealer.

No. 70

What is the rate structure under GST?

The rate consists of four i.e. 5, 12, 18 and 28 per cent, GST compensation cess on goods besides goods which are taxed at nil rate (fully exempt). tariff should be referred to, to know tax rate for respective goods and services.

No. 60

Levy

input would be to such .

No. 69

What will be the in case of receipt of supply from unregistered ?

In case of receipt of from an unregistered person, the registered person who is receiving goods or services shall be liable to pay tax under reverse charge . However, this (of reverse charge on supplies received from unregistered persons) have been kept in abeyance till 31.03.2018.

No. 59

Composition

The option under this scheme shall lapse with effect from the day on which the aggregate during a exceeds the prescribed limit.

No. 68

Can I use my CGST/SGST to set off my liability?

CGST credit can be used to set off liability. Whatever is left can be used to set off IGST liability. It cannot be used to set off SGST liability. Similarly, SGST credit can be used to set off and IGST liability, in that order. It cannot be used to set off CGST liability. Please see Section 49 of the CGST Act, 2017.

No. 58

Composition

In terms of Rule 11 of CGST Rules, dealers having please of business within a State or Union Territory seeking separate for each place of business are not entitled for availing Scheme is they are paying regular from another place.

No. 67

is the procedure/documents required for sending free replacement to the at free of cost?

free replacement is provided to the customers without consideration under warranty, no is chargeable on such replacement. In such cases goods may be sent on delivery challan as in rule 55 of the CGST Rules, 2017.