Frequently Asked Questions - GST

Q.   Registered as Composition dealer in UP VAT & Now as Regular in GST regism, how to claim ITC on TAX PAID stock in hand as on appointed date.

Ans.  Please  refer rule no. 117(2) (b) of SGST Rules, 2017, Same to be availed through Trans 1.

Q.  Last date for filing Trans 1 ? Can it be filed with late fee if filed after a due date ? plz reply urgently.

Ans.  Last date was 27th December, 2017. No. it can't be filed with late fee after due date.

Q.  Our firm export without LUT/Bond  Now I will pay IGST Yes or no. and if will pay IGST. What if refund process. How show in gst3b.askGST_Gol

Ans.  If you export without LUT, IGST will be required to be paid at the time of Export, you can pay it through ITC and your shipping bill will itself will be considered a refund application of the paid IGST Refer Rule 96. In GSTR-3B it will be shown in column 3.1 (outward taxable supplies) (zero rated).

Q.   Late fee payment done in penalty column online. How we get reverse?

Ans.  Apply for refund of the same, it can be done manually too, please refer circular no. 24/2017 dated 21.12.17.

Q.  If I have opted for composition on 13th August, then do I have 2 pay comp tax after August 14^th to September and normal return for and before 13^th August Plz help

Ans.  Please refer rule 3A of CGST Rules, 2017, composition scheme would be effective from the first day of the month immediately succeeding the month. So file composition return till August and normal return thereafter.