GST Queries, Goods and Services Tax - GST

[MAHESH MAIYA]

Sir,

My queries are;

1. Is it Mandatory to reverse the GST on post sale discounts ?. If not, sale consideration do not match.

2. Other state CGST & SGST can also be taken credit ? Company in Karnataka, employee goes to Hotel in Goa, CGST & SGST will be charged in the Bill. Can CGST & SGST of that state can be taken credit in Karnataka if the bills obtained with Kanataka GSTIN ?

3. Service tax under Reverse Charge Mechanism of June 17 was be paid in July 17 on import of services (Royalty). How to take credit of this. There is no provision neither in TRANS01 nor in anywhere.

4. Whether re-imbursements made by the company to our authorised distributor attracts GST ?

I shall be greatful to you, if you any one can clear all my above queries.

Mahesh Maiya. P

9448680200

Posts / Replies

[Vamsi Krishna]

1) GST on post sale discount to be reversed through Credit Notes and as you said sale consideration wont match

2) CGST& SGST of other states can not be claimed in the registered state

3) It was advised to pay june RCM in month of june ( 30th Jun) and claim in Jun itself. As of now not sure about the credit in July.

4) Will check and revert shortly..