TMI Short Notes

TMI Short Notes on various issues

1351. A person who was making inter-state supplies during the previous year but not making inter-state supplies during the current year, can he avail the benefit of composition under GST?
      1 Comment

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1352. How to determine Turnover limit for availing the benefit of composition scheme? Is it required to be determined each year on the basis of turnover of the previous year?

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1353. What is the validity of composition levy? Whether intimation is required to be submitted each year for availing the benefit of composition scheme under GST?

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1354. Can the option to pay tax under composition levy be exercised at any time of the year?

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1355. Can a person paying tax under composition levy, withdraw voluntarily from the scheme? If so, how?

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1356. Can an Importer of goods or services opt to pay tax under composition scheme under GST?
      2 Comments

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1357. Can an exporter of goods opt to pay tax under composition scheme under GST?

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1358. Can a person paying tax under composition scheme under GST make supplies of goods to SEZ?

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1359. Whether a person having turnover much below ₹ 75 Lakhs (Rs. 50 lakhs as the case may be) as on 30-6-2017, and having stock of goods purchased against C form, F form etc. or import goods or inter-state purchases, is eligible for availing the benefit of Composition Scheme under GST?

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1360. A person availing benefit of composition scheme under GST, want to be a casual dealer in another state. Can he avail the benefit of composition scheme in the capacity of casual dealer or non resident taxable person?

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1361. Who are not eligible to opt for composition scheme? Whether certain manufacturers (like Ice cream, Pan masala, Tobacco etc.) are excluded from opting composition scheme? if Yes, who are they?

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1362. A person availing composition scheme during a financial year crosses the turnover of ₹ 75 Lakhs (₹ 50 lakhs in hil areas) during the course of the year i.e. say he crosses the turnover of ₹ 75 Lakhs (₹ 50 lakhs in hil areas) in December? Will he be allowed to pay tax under composition scheme for the remainder of the year i.e. till 31st March?

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1363. Whether a person supplying goods through Electronic Commerce Operator, is eligible to opt composition scheme? Since the provisions of TDS u/s 51 and TCS u/s 52 have been deferred, would it make any difference?

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1364. A registered person opting for composition scheme is not allowed to make any inter-State outward supplies of goods. Therefore, what would happen if someone from outside the state wants to purchase goods? Will it make any difference, if the person from outside the state is not a registered person?

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1365. GST - Whether a Job worker is eligible to avail the benefit of Composition Scheme u/s 10? What happened where the nature of activity undertaken by the job worker is amounting to Manufacture? will he be denied the benefit of composition as service provider?
      2 Comments

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1366. GST - Whether a Works contractor having turnover below ₹ 75 lacs is eligible to avail benefit of composition scheme? What happened in case of other service providers? Can a restaurant server provider (Dhaba wala) is allowed under this scheme.

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1367. GST - Whether all the manufactures are eligible to avail the benefit of Composition Scheme? If no, what are the exception?

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1368. Classification (HSN Code) for "Hand Trolley or Fork Lift"-Interpretation of Tariff (84.27 or 84.31)

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1369. Classification (HSN Code) for "Pantoon with spuds"-Interpretation of Tariff (8905 or 8907)

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1370. Classification (HSN Code) for "Rice and Spice"-Interpretation of Tariff ( 11.01 or 21.08)

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1371. Classification (HSN Code) for "Soft Serve"-Interpretation of Tariff ( 21.05 or 04.04 or 2108.91)

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1372. Classification (HSN Code) for "Povidone Iodine Cleansing Solution USP and Wokadine Surgical Scrub" -Interpretation of Tariff ( 3303 or 3402.90)

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1373. Classification (HSN Code) for " Slagwool and Rockwool"-Interpretation of Tariff ( 6807.10 or 6803)

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1374. Classification (HSN Code) for "Scrabble"-Interpretation of Tariff ( 9403 or 9504)

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1375. Classification (HSN Code) for "Aluminium Castings"-Interpretation of Tariff ( 3003.31 or 33.06)

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1376. Classification (HSN Code) for "Aluminium Castings"-Interpretation of Tariff (84.09 or 84.32)

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1377. Classification (HSN Code) for Addition of Perfume in Hair Oil Product-Interpretation of Tariff ( 3305.10 or 3305.99)

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1378. Classification (HSN Code) for "Chillers"-Interpretation of Tariff (84.18 or 84.19)

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1379. Classification (HSN Code) for "Paving Blocks"-Interpretation of Tariff (6807.90 or 6807.20)

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1380. Classification (HSN Code) for "Royan Grade Wood Pulp"-Interpretation of Tariff (48.18 or 56.01)

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1381. Classification (HSN Code) for "Johnson's Prickly Heat Powder and Phipps Processed Talc are patent or proprietary medicines"-Interpretation of Tariff ( 30.03 or 33.04)

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1382. Classification (HSN Code) for a product uses for "Therapeutic or Prophylactics"-Interpretation of Tarrif ( 3003.10 or 38.08)

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1383. Classification (HSN Code) for "Dimethicone"-Interpretation of Tariff (3003.20 or 3910.00)

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1384. Classification (HSN Code) for "Sloans Balm" and "Sloans Rub"-Interpretation of Tariff (3003.30 or 3003.10)

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1385. Classification (HSN Code) for "Himtaj Oil"-Interpretation of Tariff (3303.30 or 3305.10)

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1386. Classification (HSN Code) for "Lip Salve"-Interpretation of Tariff (33.03 or 33.04)

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1387. Classification (HSN Code) for Fragrant Mat-Interpretation of Tariff (3307.41 or 3307.49)

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1388. Classification (HSN Code) for conveyor Belt-Interpretation of Tarrif (3922.90 and 3926.90)

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1389. Classification (HSN code) for Block Board - Interpretation of Tariff (44.08, 44.10 or 44.12)

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1390. Classification (HSN code) for Technical grade pesticides (TGP) and insecticides and formulations thereof. - Interpretation of tariff.

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1391. Export - Zero Rated supply - Whether amount received from the Foreign Currency (Non-Resident) account or Non-Resident External Account known as FCNR/NRE account maintained by the buyer can be treated as received in convertible foreign exchange for claiming benefit under GST

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1392. Export of Services - For claiming exemption from GST or Benefit of Zero Rated supply under GST, whether receipt of consideration / payment in convertible foreign exchange is necessary or mandatory

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1393. What is the meaning of Export of Services under GST

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1394. Export of Goods - For claiming exemption from GST or Benefit of Zero Rated supply under GST, whether receipt of consideration / payment in convertible foreign exchange is necessary or mandatory

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1395. What is the meaning of export of goods under GST

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1396. What is the meaning of continuous journey under GST

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1397. What is the location of supplier of Goods for determination place of supply of goods under GST / IGST
      1 Comment

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1398. What is the location of supplier of services for determination place of supply of services under GST / IGST

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1399. What is the location of the recipient of services for determination place of supply of services under GST / IGST

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1400. Income from other sources - tax on gifts and receipt of any money or immovable property or specified movable property without or inadequate consideration - Scope of Section 56 expended - all categories of assessees shall be taxable - Budget 2017-18 w.e.f. AY 2018-19

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