TMI BlogArea Based ExemptionX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear all, By the time learned members must have an idea of shape of GST in area based exemption states like HP UK. Please share your valuable views or share link of relevant articles. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = It is learnt that the same may likely to be continued in GST regime. - Reply By CA AJAY KUMAR AGRAWAL - The Reply = Thank you sir very much. My query was specific ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ally regarding whether they have to avail ITC on the transition date then pay GST or whether they will be eligible to avail ITC after completion of Exemption period have to pay GST now without availing ITC. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = I will study and revert. - Reply By Ganeshan Kalyani - The Reply = In my view if exemption is going to continue under GST by way of refun ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d, then they should allow to avail itc and difference would be refunded. Or they may allow to pay full tax and claim refund of untilized input tax credit. The transition provision is still to clear. - Reply By Govind Gupta - The Reply = http://www.fforce.in/will-future-area-based-tax-exceptions-gst/ - Reply By Ganeshan Kalyani - The Reply = Area-based tax exemptions will undergo a key change ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in the proposed goods and services tax (GST) regime-industrial units in the specified areas will need to pay the duties first and get a refund later. This is to ensure that the credit chain in the GST regime is not disturbed. - Reply By Nilesh Kothari - The Reply = Does the GST act has any such provision or did the government come out with a notification to provide for the same? - Reply By MAR ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... IAPPAN GOVINDARAJAN - The Reply = As per the present status area based exemption may not be available in GST regime. - Reply By kailash singhal - The Reply = dear sir as per sec 8 of gst benefits can be given by gst council now it is rumor that benefits to be extended by administration of ut regards kc singhal - Area Based Exemption - Query Started By: - CA AJAY KUMAR AGRAWAL Dated ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... :- 2-5-2017 Goods and Services Tax - GST - Got 9 Replies - GST - Discussion 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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