GST

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 as described below.

Sr. No.Types of taxpayerDetails to be informITC amount available
1.

Under central laws trader is not liable to register

( To submit on or before 30.09.2017 , Form TRANS -1 )

Stock of inputs (held as inputs/ semifinished/finished goods) to be used in making taxable supplies, where duty-paying documents are available with traderDuty amount will be payable as per sbmitted invoice details
2.

Under central laws trader is not liable to register 

( To submit at the end of the first six month )

Stock of inputs (contained as inputs/ semifinished/finished goods) that can be used to make taxable supplies in cases where duty-paying documents are not available with traderIf intra-State supplies are made, 60% of the Central Tax will be paid (in the case rate for total tax is 18%/28%) and 40% of the Central taxes paid (in the case rate for total tax is 5%/12%). In the case of inter-State supply, 30% or 20% of the integrated tax will be allowed

 


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Who is authorized to extend the validity of e-way bill ?


In e-way bill , how to tackle ' Bill To ' - ' Ship To ' invoice ?


In e-way bill , how to tackle "Bill from " - "Dispatch from " invoice ?


How a transporter can identify the e-way bill for transportation by taxpayer ?


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Is it compulsory to fill Part-B for e-way bill ?


Can goods be transported only with e-way bill without vehicle information ?


Is the e-way bill required to move consignment for weighment to the weighbridge


Who is authorized to update an e-way bill ?


Is other transporter authorized to update or fill Part-B of e-way bill ?


Goods that are transported in vehicle if they have changed e-way bill , then what is the solution ?


If vehicle with an e-way-bill will be breaks down , then what to do?


How many times a person is allow to update vehicle number or Part-B ?


Can an authorized transporter assign an e-way bill to another transporter for further transport ?


When is the user required to provide transport documents details for goods being transported via rail, air, or ship? This information is only available after goods have been submitted to the relevant authority ?


How to tackle it if the goods with e-way bill has to pass through trans shipment or different vehicles ?


What are the options for transporting goods with an e-way bill using different modes? How do I update the details if so?


How for the same e-way bill can enter multiple modes of transportation like road , ship ,air ?


How a transporter get to know that the e-way bill is given to him ?