TMI BlogGoods and Service TaxX X X X Extracts X X X X X X X X Extracts X X X X ..... Amid pressure from some states, the GST Council will soon start publishing rates of various products to prod companies to pass on gains, including those from input tax credit. To begin with, 150 items will be taken up. It will have a detailed explanation of previous taxes and prices as well as new prices after GST. It will also explain the price differential between the two tax regimes, said ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... an official who did not wish to be identified. - Reply By Ganeshan Kalyani - The Reply = More items would be added once the campaign with 150 products takes off. Another officer said, This will only be illustrative. While the government had discussed a plan for a detailed price list incorporating the impact of GST, it has released a mobile app listing the tax rates. - Reply By Ganeshan K ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... alyani - The Reply = Sources said states such as Kerala, West Bengal and Bihar led the charge at Saturday s meeting to lay down the process and pressurise companies to reduce prices as several ministers argued that prices have not come down after GST. There is a need to end this perception to ensure acceptance of GST among consumers, said one of the officials cited earlier. - Reply By G ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aneshan Kalyani - The Reply = Keeping prices under check after the rollout of GST is a key priority for the government and the states demand for product-specific explanation of differences in prices found favour with the Centre. There were some ministers who wanted to let companies decide on pricing, at least in the short term, arguing that it will be against the spirit of empowering businesses ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and making life simpler. What they want is price control, which will result in inspector raj, said a source. . - Reply By Ganeshan Kalyani - The Reply = Already, officers in states such as Maharashtra and Tamil Nadu seem to have jumped the gun and shot off letters seeking details of price changes, while others such as Andhra Pradesh and Puducherry have limited themselves to phone calls. Dura ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bles and FMCG players as well as fast food chains have received enquiries regarding prices, which are not permitted - Reply By Ganeshan Kalyani - The Reply = GST Council finalised the e-way bill that mandates pre-registration of all goods worth over ₹ 50,000 before they are moved for sale beyond 10 km. - Reply By Ganeshan Kalyani - The Reply = Exempted goods have been kept out of the pu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rview of e-way bill a minor relaxation from draft rules which required for all goods to be pre-registered under the e-way bill provision. - Reply By Arunachalam siva - The Reply = Dear GST expert As per Explanation provided at end of sec 17 of CGST act , Plant and machinery excludes Pipeline laid outside the factory premises In this case, credit on pipeline laid outside factory/materia ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ls used in maintenance work of pipeline laid outside factory premises(purpose of pipeline is to connect external water source with factory premises) will not be available. Isn t sir? - Reply By Arunachalam siva - The Reply = As per erstwhile law, credit on material(Ms channels, Ms beams and angles) used for making structural support(fixed with earth) to machinery/equipment was not available. Bu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t as per sec 17(d) of CGST act and explanation provided at end of sec 17 , ITC is available on materials (Ms channels, Ms beams and angles) used for such structural support. Is this correct sir? - Reply By Arunachalam siva - The Reply = What is Tax treatment/procedure for Removal of used goods purchased prior to GST? - Reply By Arunachalam siva - The Reply = Sir, What is procedure under ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... GST law for sending Machinery/equipment outside the factory for any work(repair, rewinding etc)?. As per erstwhile law, challan issued under rule 4(5a) of CCR 2004. - Reply By Arunachalam siva - The Reply = Procedure for cancelling invoice of goods not removed from factory? - Goods and Service Tax - Query Started By: - Ganeshan Kalyani Dated:- 9-8-2017 Goods and Services Tax - GST - Got 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1 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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