Gst question

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ARUN KUMAR PRASAD (Querist)
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05 March 2017 Q.1 If company have 2 or more branch in same state so, is it mandatory to maintain books of account separately or centralized under GST ?

Q.2 What are the documents to be uploaded on GST portal for taking refund under GST to exporter ?

Q.3 At the time of filing of inward/outward details (GSTR1 & GSTR2) purchase/sale bills also to be uploaded or not ?

Q.4 Foriegn Agent provide service outside india and PE (permanent establishment also outside india) but service received in india for procurement of order by exporter So, if exporter pay commission to agent then GST would be attracted or not .

Q5 What is meaning of Deemed Export .
As per GST law if goods do not leave india and payment is received in INR or foreign currency then it will be treated as DEEMED EXPORT. My question is if foreigner come at our showroom and [purchase material and payment in FCR (whether cheque or cash) then this sale will be treated as Deemed export or not.

what about if indian person pay in foreign currency .

Guest

Guest (Expert)

05 March 2017 I will give you question wise answer.
Q1- If you are having different registration for different branch then it is advisable to have different books. This will ensure input credits are properly taken. However there is no requirement to have separate books
Q2-Q3- We can't answer this unless the GST rules are released
Q4- Going by what you say it looks like place of service is outside India as per Nov draft IGST. However to be sure I can tell only after full analysis of agreement with agent. Also we don't know as of yet how is the revised IGST LAWS are going to be.
Q5- For a transaction to be coming under deemed export it should have been covered by notification by Government. All forex collection can't be classified under it.

Guest

Guest (Expert)

11 March 2017 I beg to differ on reply given relating to Ques No 1.As per proivso to sec 53(1) of the GST Act where where more than one place of business is specified in the
certificate of registration, the accounts relating to each place of business shall be
kept at such places of business concerned.Words use are "shall be kept".So it mandatory to maintained seperate books of accounts

Guest

Guest (Expert)

18 March 2017 Dear Mr Somil, I have very carefully used the words "Books". Section 53 NOWHERE uses the words "Books". It uses the words "accounts". Accounts for this purpose is only accounts related to production, manufacture, inward, outward and other particulars as may be prescribed. This does not mean "Books of accounts" as understood in normal parlance. Hence, you need to maintain accounts as per list above and I STRESS AGAIN, you need not maintain "BOOKS".