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Q&A to get onboard new tax regime
The tweets received by @askGST_GoI handle were scrutinised and developed into a short FAQ of 100 tweets. Here are a few of the queries posed to the government.
By
migrator
migrator
Chennai
A taxable person’s business is in many states. All supplies are below Rs 10 lakh. He makes an Inter State supply from one state. Is he liable for registration?
He is liable to register if the aggregate turnover (all India) is more than 20 lakh or if he is engaged in inter-State supplies.
Can we use provisional GSTIN or do we get new GSTIN? Can we start using provisional GSTIN till new one is issued?Â
Provisional GSTIN (PID) should be converted into final GSTIN within 90 days. Yes, provisional GSTIN can be used till final GSTIN is issued. PID & final GSTIN would be same.
Are traders of country liquor required to migrate to GST from VAT as liquor is out of GST law?Â
If the person is involved in 100 pc supply of goods which are not liable for GST, then no registration is required.
If there are two SEZ units within same state, whether two registrations are required to be obtained? SEZs under same PAN in a state require one registration. Please see proviso to rule 8(1) of CGST Rules.
When is registration in other state required? Will giving service from Coimbatore to other state require registration in other state?Â
If services are being provided from Coimbatore, then registration is required to be taken only in Tamil Nadu and IGST to be paid on inter-state supplies. I have ST number on individual name and have migrated to GST.I wish to transfer this on my proprietorship firm. This conversion may be done while filling FORM REG-26 for converting provisional ID to final registration.
Please tell if rental income up to Rs 20 lakh attracts GST or attracts any other charge?Â
GST is leviable only if aggregate turnover is more than 20 lakh. (Rs. 10 lakh in 11 special category States). For computing aggregate supplies turnover of all supplies made by you would be added.
If someone trades only 0 pc GST items (grains, pulses) then is it necessary to register for GST, if the turnover exceeds Rs 20 lakh?Â
A person dealing with 100 pc exempted supply is not liable to register irrespective of turnover. Is there any concept of area based exemption under GST? There will be no area based exemptions in GST.
Wait to register in GST?Â
An unregistered person has 30 days to complete its registration formalities from its date of liability to obtain registration.
If I am not an existing taxpayer and wish to newly register under GST, when can I do so?Â
You would be able to apply for new registration at the GST Portal gst.gov.in
Do registered dealers need to record Aadhaar/PAN while selling goods to unregistered dealers?
There is no requirement to take Aadhaar / PAN details of the customer under the GST Act.
Are all expenses like freight / transport / packing charged in Sales Invoice taxable in GST? How do you charge them in a bill? Â
All expenses must be included in the value and invoice needs to be issued accordingly. Refer Section 15 of CGST Act and Invoice Rules.
What duties will be levied on import of goods?Â
Customs duty and cess as applicable + IGST+ GST compensation cess. IGST and GST compensation cess shall be paid after adding all customs duty and customs cess to the value of imports.
Are there exemptions for SEZ?Â
How will a SEZ transaction happen in GST regime? Supplies to SEZs are zero-rated supplies as defined in Section 16 of IGST Act.
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