Clarification required on some queries realted to GST

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..... Clarification required on some queries realted to GST
Query (Issue) Started By: - SANDESH SHINDE Dated:- 14-12-2016 Last Reply Date:- 14-12-2016 Goods and Services Tax - GST
Got 3 Replies
GST
Dear Sir, Request you to please provide some clarity on some queries related to GST. 1 Stock needs to be minimum exit March'17. WHY?? 2 Why should we bill in Feb and Mar to do stocking if l .....

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..... anding prices are to come down due to reducing in Tax, will company compensate on this?? 3 Will there be a price parity in market, as inflitration will stop from other markets?? 4 Will Tax adjustments stop after GST or will they continue as this effects operating prices?? 5 Ambigiuity regarding Levied TAX structure on Different Products. 6 Sale & Purchase A/c Recociliations & its Differentiations. .....

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..... 7 Stocks Maintenance Criteria 8 What will be Tax imposition on Present Stocks & left over Stocks. 9 What will be scheme structure after GST 10 Campany will pay diff of tax on march stock if change happen in april ? 11 In bill rebate will increase or remain same 12 Above 1.5Cr.turnover need to submit tax related documents to both governments (State & Central)? 13 How better from VAT system & diffe .....

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..... rence. 14 Why should I do billing in March 2016. 15 Need more clarity of GST. 16 Should I carry stock or not. 17 Can we bill to those dealers who don't have TIN no. without any personal information like address / ph.no. 18 Need to maintained controlled stock. Reply By Ganeshan Kalyani: The Reply: All your above question will be answered if you read revised Model GST law. Pls go through the same. .....

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..... Reply By KASTURI SETHI: The Reply: The querist should not expect such comprehensive reply on this forum. Practically as well as logically it is not feasible. Reply By Ganeshan Kalyani: The Reply: Agreed sir. In order to provide reply an expert shall have to thoroughly verify the business process with material facts and practical approach of the business. Some business may have positive impact .....

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..... due to GST and some may have to comply under GST . Hence it is not easy to give any kind of reply of views on theses questions in any forum . Thanks.
Discussion Forum - Knowledge Sharing .....

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