I need clarification with regard to following issue.
Say ABC Manufacturers having two units in Bangalore-> Unit 1 and Unit 2 having both Excise and VAT registration in current regime, these two manufacturing units have different Business verticles.
ABC Manufacturers registered : 1. Under Excise and having separate registration number 2. Under VAT and having single registration
Let's assume, in post-GST regime, ABC manufacturers falling under Excise and VAT also. In such scenario, due to different Business verticles they should get registered under GST having two registrations ? As per earlier Excise law as they have registered, having two units and registrations, they should file separate Excise return for Unit 1 and Unit 2 ? As per earlier VAT law as they have registered having one registration, they should file one return for both Unit 1 and Unit 2
So, As per GST, they have to file two Return As per Excise, they have to file two Return As per VAT, they have to file one Return
Is my understanding is correct ? Request to clarify.
28 January 2017
post-gst regime, you will file only gst returns..no excise or vat returns. and gst returns shall be filed monthly on 10th of following month for sales, 15th of following month for purchases and on 20th monthly return.
CAclubindia
