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GST FAQs

A collection of Frequently Asked Questions by tax payers on various issues related to Goods & Service Tax Act and Rules

Whether they can opt for composition (last year their turnover was more than rupees...

No. they are not eligible for composition levy as they are also supplying liquor. ]

Would GST be payable on goods not intended...

GST is not payable in such cases. Exporters will need exhibition participation letter and no foreign exchange involved letter from the concerned bank for...

Can duty credit scrips received as incentive by exporters such as MEIS, SEIS etc...

No, these scrips can be utilised only for payment of Basic Customs duty. IGST cannot be paid by utilising these scrips. ]

Whether they can raise one tax invoice for both food and liquor or not?

Tax invoice has to be issued for supply of food, while for liquor a bill of supply has to be issued or any invoice...

Will drawback at higher rate be available to handicraft exporters who do not avail...

No. There will be no difference in rate of Drawback for exporters not availing ITC in GST regime. In GST regime, drawback will be...

What will the rate of tax to be charged for supplies of food made...

Tax has to be charged @18% on supplies of food made from their takeaway counter. ]

Is GST payable on consideration received for sale of scrips?

Yes. Scrips are goods and sale of scrips has to be treated as supply of goods. GST at applicable rate will therefore be payable. In...

A registered person is a manufacturer of taxable food items. His factory...

Yes, the person is eligible to claim ITC of tax charged on the rental amount. ]

How will imports be taxed under GST?

All imports will be deemed as inter-State supplies for the purposes of levy of GST. IGST is leviable on imports in addition to other...

Can they claim ITC of CGST and SGST paid on crockery items to be...

Yes, they can claim ITC of CGST and SGST paid on crockery items to be used in the restaurant. It may be stated that...

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