TMI BlogClarification required on some queries realted to GSTX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, Request you to please provide some clarity on some queries related to GST. 1 Stock needs to be minimum exit March'17. WHY?? 2 Why should we bill in Feb and Mar to do stocking if landing prices are to come down due to reducing in Tax, will company compensate on this?? 3 Will there be a price parity in market, as inflitration will st ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... op from other markets?? 4 Will Tax adjustments stop after GST or will they continue as this effects operating prices?? 5 Ambigiuity regarding Levied TAX structure on Different Products. 6 Sale Purchase A/c Recociliations its Differentiations. 7 Stocks Maintenance Criteria 8 What will be Tax imposition on Present Stocks lef ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t over Stocks. 9 What will be scheme structure after GST 10 Campany will pay diff of tax on march stock if change happen in april ? 11 In bill rebate will increase or remain same 12 Above 1.5Cr.turnover need to submit tax related documents to both governments (State Central)? 13 How better from VAT system difference. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 14 Why should I do billing in March 2016. 15 Need more clarity of GST. 16 Should I carry stock or not. 17 Can we bill to those dealers who don t have TIN no. without any personal information like address / ph.no. 18 Need to maintained controlled stock. - Reply By Ganeshan Kalyani - The Reply = All your above question will be an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... swered if you read revised Model GST law. Pls go through the same. - Reply By KASTURI SETHI - The Reply = The querist should not expect such comprehensive reply on this forum. Practically as well as logically it is not feasible. - Reply By Ganeshan Kalyani - The Reply = Agreed sir. In order to provide reply an expert shall have to thoroughly verify the business process with material facts an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d practical approach of the business. Some business may have positive impact due to GST and some may have to comply under GST . Hence it is not easy to give any kind of reply of views on theses questions in any forum . Thanks. - Clarification required on some queries realted to GST - Query Started By: - SANDESH SHINDE Dated:- 14-12-2016 Goods and Services Tax - GST - Got 3 Replies - GST - Disc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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