What to do if the system of e-way bill is slow ?

What to do if I did not get the OTP on my phone ?

How to generate e-way bill ?

What will happen if a trader is not able to undertake compliances under GST himself ?

HSN nomenclature is not something traders are used to .They will likely face hardship , How will they deal with this ?

How the stock transfer will be valued ?

Taxing stock transfers in GST will impact it adversely ?

GST traders will find it difficult to comply with GST. What steps have been taken to reduce compliance burden for small traders?

Traders currently are not allowed to take cenvat credits. As of July 1, 2017, they will have duty-paid stock. It possible, however, that traders might not have the duty-paid documents for such stock. Are there any GST plan that allow trader to claim GST?

. What does a credit-transfer document means ?In what ways it work for traders?

Can a trader with duty-paying documents (including a First Stage dealer or a Second Stage dealer) claim the Cenvat Credit on stock held at the designated date, viz. 1st July 2017, 2017?

What is the time period in which a person may exercise the option to pay tax under composition Ivey?

What are the restrictions and conditions that a person must meet to be able to take advantage of composition levy?

What is the important date of composition Ivey ?

If a person is registered in more than one state? Is it possible to pay tax under composition only in one state but not in another?

What is the format in which a taxable person must give an indication for the option to pay tax under the composition scheme?

The composition scheme allows a person to opt for tax payment from unregistered persons. Is the composition dealer required to pay reverse tax? If yes, how?

What are the essential details enter in the form GSTR-4?

Is it required that monthly returns be filed by the person who chooses to pay tax under the composition plan?

A registered person who buys goods from a trader subject to the composition scheme can claim credit for purchases made by dealer ?

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What to do if the system of e-way bill is slow ?

Kindly refresh your internet connection and try again .

What to do if I did not get the OTP on my phone ?

You should check whether you have enabled 'Do not disturb (DND) on your mobile. Your service provider network might be busy. OTP can also be sent to your email-id.

How to generate e-way bill ?

This is the portal to generate e-way bill https://ewaybillgst.gov.in

What will happen if a trader is not able to undertake compliances under GST himself ?

The government will permit qualified individuals to become GST Practitioners under the GST. If the trader is not able to complete the compliances, he can use the services of GST Practitioners to help him. In each GST Commissionerate, there would …

HSN nomenclature is not something traders are used to .They will likely face hardship , How will they deal with this ?

Taxpayers with a turnover below Rs. 1.5 crore are exempt from this requirement. HSN Code is not required for taxpayers with a turnover below Rs. 1.5 crores. HSN Code is not required for taxpayers whose turnover exceeds Rs.1.5 crores, but …

How the stock transfer will be valued ?

If the recipient is eligible to receive full input tax credit then the value that a trader has declared in an invoice shall be considered the open market value and accepted for assessment purposes. The value of supplies shall be …

Taxing stock transfers in GST will impact it adversely ?

Taxing stock transfers has the sole purpose of ensuring that the ITC moves with the supply of goods to where it is ultimately consumed. This is done to ensure that taxes are paid to the state where the supply is …

GST traders will find it difficult to comply with GST. What steps have been taken to reduce compliance burden for small traders?

No. No. This is what the Government has done : (a) GST is not required for small traders with turnovers below Rs.20 Lakhs . (b) A simple and easy-to-understand composition scheme is available for traders with turnover above Rs. 75 …

Traders currently are not allowed to take cenvat credits. As of July 1, 2017, they will have duty-paid stock. It possible, however, that traders might not have the duty-paid documents for such stock. Are there any GST plan that allow trader to claim GST?

Yes, If they have duty-paid invoices, the full credit of ITC for existing stock can be transferred to GST. (Refer to Q 24). If no duty paid invoices can be found, traders will have access to a deemed credit program …

. What does a credit-transfer document means ?In what ways it work for traders?

A manufacturer could have cleared goods to a dealer before the GST. In this case, a dealer not registered under the Central Excise Act is nevertheless registered under the CGST Act 2017. To address such cases, the 2004 CENVAT Credit …

Can a trader with duty-paying documents (including a First Stage dealer or a Second Stage dealer) claim the Cenvat Credit on stock held at the designated date, viz. 1st July 2017, 2017?

Yes. A trader with duty-paying documents, including a first or second stage dealer, can claim Cenvat Credit under section 140(3) of CGST Act 2017, 2017. However, the following conditions must be met: (a) inputs are used or intended for use …

What is the time period in which a person may exercise the option to pay tax under composition Ivey?

A registered person may exercise the option to pay tax under a composition scheme so long as he meets all conditions in section 10 of CGST Act 2017, read with Chapter II, CGST Rules 2017.

What are the restrictions and conditions that a person must meet to be able to take advantage of composition levy?

A person who chooses to pay tax under the composition scheme must comply with these conditions : (a) He should not be a casual tax payer nor a nonresident taxable individual; (b) The goods in his stock on 22 June …

What is the important date of composition Ivey ?

Circumstances composition Ivey Date Persons granted provisional registration who decide to pay composition levy. (Intimation is filed in accordance with Rule 3(1) in Form GSTCMP-01 Date of appointment which is - 22/06/2017 When making a new registration application in the …

If a person is registered in more than one state? Is it possible to pay tax under composition only in one state but not in another?

No. No. It is not possible under sub-rule CGST rules ,2017.

What is the format in which a taxable person must give an indication for the option to pay tax under the composition scheme?

The migrated traders must electronically transmit the intimation in Form GSTCMP-01. If a person has already been registered and is interested in payment under the composition levy, they must electronically give notification in Form GST CMP-01. A person filing a …

The composition scheme allows a person to opt for tax payment from unregistered persons. Is the composition dealer required to pay reverse tax? If yes, how?

Yes. Yes. Tax can be paid within the 18th day following the quarter in which the supplies were received. The composition dealer should provide the information necessary to prove such supplies in Table 4 of Form STR 4. The composition …

What are the essential details enter in the form GSTR-4?

It should include details of turnover in the state or Union territory, inward supplies goods or services, or both, and tax payable on a reverse charge basis for purchases made from non-registered persons.

Is it required that monthly returns be filed by the person who chooses to pay tax under the composition plan?

No. These individuals must file simplified quarterly returns in Form STR-4. GSTR-4 must be electronically filed on the GSTN common portal no later than the 18th of each month following the quarter in which it relates to supplies.

A registered person who buys goods from a trader subject to the composition scheme can claim credit for purchases made by dealer ?

No. No. A trader who chooses to pay tax under the composition system is not allowed to be in the credit chain. He cannot take credit for his input supplies nor issue a taxable invoice to his customer. He must …

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