GST: Frequently Asked Questions
Q.1. From when can a person with turnover Such a person can start filing GSTR-1,2 and 3 on a quarterly below Rs. 1.5 crores start filing quarterly basis starting from the quarter October-December, 2017. He returns?
Ans. Such a person can start filing GSTR-l,2 and 3 on a quarterly basis starting from the quarter October December, 2017. He shall have to file monthly GSTR-I, 2 and 3 for the months of July, August and September.
Q.2. If my turnover is less than Rs. 1.5 crore, do I need to file GSTR-3B on a monthly basis?
Ans. Every registered person, irrespective of turnover, needs to file GSTR-3B for the months of July to December, by the 20th day of the succeeding month.
Q.3. 1f my turnover is less than Rs. 1.5 crore, do l need to fIIe GSTR-1.2 and 3 on a monthly basis for the months of July,. August and September?
Ans. Every registered person, irrespective of turnover, needs to file GSTR- 1, 2 and 3 for the months of July, August and September. From October onwards, only taxpayers with turnover greater than Rs. 1.5 crore need to file monthly GSTR- 1,2 and 3.
Q.4. If I am required to file monthly returns then how will I claim ITC on purchases made from a person tiling quarterly returns?
Ans. In such a case, you shall avail monthly ITC on self-declaration basis. You will have to enter the details of the invoices of purchases from a quarterly tiler in your monthly GSTR-2. These details will be reconciled with the GSTR- I filed by your supulierat the end of the auarter.
Q.5. I have finished filing GSTR-1 for July. Yes, you can start uploading invoices for supplies made during Can I start uploading invoices for August August and September. The due dates for filing GSTR- 1, 2 and and September?
Ans. Yes, you can start uploading invoices for supplies made during August and September. The due dates for filing GSTR-1, 2 and 3 for these months will be notified in due course.
Question 1. Till when can i avail the option of composition under the increased threshold?
Answer 1. The facility of availing composition under the increased threshold shall be available to both migrated and new taxpayers upto 31.03.2018. The option once exercised shall become operational from the first day of the month immediately succeeding the month in which the option to avail the composition scheme is exercised.
Question 2. How will I file returns if i avail the option of composition in the middle of a quarter?
Answer 2. New entrants to this scheme shall have to file the return in FORM GSTR-4 only for the portion of the quarter from when the scheme becomes operational and shall file returns as a normal taxpayer for the preceding tax period.
Question 3. Am I eligible for composition if I am also providing a service which is exempted under GST?
Answer 3. Yes, persons who are otherwise eligible for availing the composition scheme and are providing any exempt service, shall be eligible for the composition scheme.
Question 4. Is it correct that anyone who is receiving interest on a bank deposit is ineligible for availing the composition scheme?
Answer 4. No, persons who are otherwise eligible for the composition scheme, and are receiving interest on a bank deposite, shall be eligible for the composition scheme.
Question 5. My aggregate turnover is less than Rs. 20 lacs but I make some inter-state supply of services. Do I need to register under GST?
Answer 5. No. If your aggregate turnover is less than Rs.20 lacs, you do not need to register just because you are making inter-state supply of services.
Question 1. I want to change my business address in GST registration. How do i do that.
Answer 1. Please refer rule no. 19(1) of GST Rules, 2017. It can be done by submitting information in Form GST REG-14 electronically.
Question 2. I have filed application for registration but not opted for composition scheme in application. How can i avail now for FY 16 – 17 ?
Answer 2. Please refer rule no.3(3) of GST Rules, 2017 it can be opted by giving intimation in FORM GST CMP-07 whenever this form will be available
Question 3. Dealing in only exempted goods ,turnover 2cr ,do we need registration for RCM and “GST included expenses capital exp”
Answers 3. Yes, registration is required under Section 24 (3) of the CGST Act.
Question 4. Gst rate on school fee/tution fee??
Answer 4. Services provided by a educational institution to its student faculty and staff attract Nil rate of GST.
Question 5. Can we one series of sequential numbers for invoice, debit note & Credit notes?
Answers 5. Yes, as long there is no duplication.
Question 1. I have missed a purchase bill while filling gstr3b for the month of august please suggest what should i do
Answer 1. It can be rectified in the next month’s return. Section 37(3) and 38(5) of CGST Act refers.
Question 2. I have paid 5% GST on revers charge basis for receipt of GTA Service. Can i claim credit for GST paid ?
Answer 2. Such credit can be claimed in the same month and can be used to discharge the output tax liability of the same month.
Question 3. Whether exporter of service is required to get registration under GST IF turnover more than 20 lacs ?
Answer 3. Suppliers making inter-state supplies are required t have compulsory registration.. Section 24 of CGST Act refers.
Question 4. If a person receives rental income then is it mandatory to have GST no.?
Answer 4. Residential rental income is exempted while income from commercial renting is subject to GST.
Question 5. How to reverse its which was taken mistakenly in the month of July in gstr-3b.
Answer 5. It can be reversed in return of next month, along with interest. Section 37 (3) and 38 (5) of CGST Act refers.
Question 1. What is the last date for filling TRAN-1 ? What is the last date for revising it?
Answer 1. MRP is inclusive of all taxes. No amount of GST can be charged over and above MRP. Amount of GST, however , is required to be shown separately on tax invoice.
Question 1. Can GST be charged over and above MRP?
Answer 1. MRP is inclusive of all taxes. No amount of GST can be charged over and above MRP. Amount of GST, however, is required to be shown separately on tax invoice.
Question 1. Does the GST law disallow a transporter to transport goods without obtaining the consignee’s GSTIN
Answer 1. No such requirement under GST law.
Question 1. Does a registered person need to show supplies made through e-commerce portals in his/her GSTR-1 in Part 4-C or Part 4-A ?
Answer 1. Section 52 of the CGST Act, 2017 has not yet been notified. Till the section is notified, all supplies made through e-commerce portal need to be shown in Part 4-A of GSTR-1. These supplies also need to be shown Part 3.1 of GSTR-3B.
Question 1. In certain cases, discounts are being offered but tax is charged on the total value without excluding the discount amount. Is this correct?
Answer 1. No, GST has to be charged on the actual price charged (i.e. discounted price), if the discount has been recorded in the invoice.