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 in making taxable supplies; and (b) input tax credit is available on input tax credits for such inputs. (c) Invoices and/or other prescribed documentation proving payment of duty under an earlier law are in the possession of the taxable person; (d) these invoices and/or prescribed documents were not earlier than the appointed day; and/or any service provider of services is not eligible to receive any abatemen

Is there need of e-way bill for the movements of goods under customs seal ?

Is there need of e-way bill for the movements of goods from Nepal or to Nepal ?

Can temporary vehicle number used in generation of e-way bill ?

Is e-way bill needed for intra-state goods movement ?

I am a dealer in tractors. I bought 20 tractors from manufacturer. These tractors cannot be brought on motorized conveyances as goods, but they can be driven to my home. These tractors do not have vehicle number. In such cases, is an e-way bill necessary?

In case of DTA sales from SEZ ,who will be responsible for EWB ?

Many times, the receiver of goods is not known at the time they are shipped from the shipper's premises. One common example -FMCG firms send trucks out to supply kirana shops in a specific area. What should be done?

How much should the e-waybill be worth if goods are shipped on a lease basis? The machine's value is higher than the leasing fees?

Although expired stock is not of commercial value, it is often returned to the seller for compliance with statutory and regulatory requirements or destroyed by the seller. What should be done in these cases?

If shipping costs are charged by E-commerce companies, they must be included in the 'consignment Value' even if it is not stated on merchant's invoice?

If an invoice is for both goods or services, the consignment value should reflect the invoice value (inclusive value of services) rather than the goods value. In such cases, Part A of an e-way bill must also include HSN specific details of service?

Questions on Tax Collection at source

TCS questions

Whether ecommerce operator must register in every State/UT where suppliers are listed on their ecommerce platform to comply with the law ?

As they work from abroad, foreign e-commerce operators do not have a place of business in India. Their suppliers and customers are in India. In this case, will the TCS provision apply to them? If so, how can they get registration?

Does it make sense for eCommerce companies that are already GSTIN and GSTIN registered to register separately for TCS?

What does " Net Value Taxable supplies " means ?

Do you prefer to calculate the net taxable supply value at GSTIN or gross level?

Does every e-commerce seller need to collect taxes in the place of the actual supplier?

When a e-commerce operator should collect TCS (Tax Collection at source ) ?

FAQ Categories

Open a demat account through us and get the account opening charges waived off

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?

Is there need of e-way bill for the movements of goods under customs seal ?

Is there need of e-way bill for the movements of goods from Nepal or to Nepal ?

Can temporary vehicle number used in generation of e-way bill ?

Is e-way bill needed for intra-state goods movement ?

I am a dealer in tractors. I bought 20 tractors from manufacturer. These tractors cannot be brought on motorized conveyances as goods, but they can be driven to my home. These tractors do not have vehicle number. In such cases, is an e-way bill necessary?

In case of DTA sales from SEZ ,who will be responsible for EWB ?

Many times, the receiver of goods is not known at the time they are shipped from the shipper's premises. One common example -FMCG firms send trucks out to supply kirana shops in a specific area. What should be done?

How much should the e-waybill be worth if goods are shipped on a lease basis? The machine's value is higher than the leasing fees?

Although expired stock is not of commercial value, it is often returned to the seller for compliance with statutory and regulatory requirements or destroyed by the seller. What should be done in these cases?

If shipping costs are charged by E-commerce companies, they must be included in the 'consignment Value' even if it is not stated on merchant's invoice?

If an invoice is for both goods or services, the consignment value should reflect the invoice value (inclusive value of services) rather than the goods value. In such cases, Part A of an e-way bill must also include HSN specific details of service?

Questions on Tax Collection at source

TCS questions

Whether ecommerce operator must register in every State/UT where suppliers are listed on their ecommerce platform to comply with the law ?

As they work from abroad, foreign e-commerce operators do not have a place of business in India. Their suppliers and customers are in India. In this case, will the TCS provision apply to them? If so, how can they get registration?

Does it make sense for eCommerce companies that are already GSTIN and GSTIN registered to register separately for TCS?

What does " Net Value Taxable supplies " means ?

Do you prefer to calculate the net taxable supply value at GSTIN or gross level?

Does every e-commerce seller need to collect taxes in the place of the actual supplier?

When a e-commerce operator should collect TCS (Tax Collection at source ) ?

FAQ Categories