Dear Member,

we are in International Logistics industry (freight forwarder). One of our consignee is exporting goods out of India and we've charged them bill in INR. Detail of Invoicing is as belo

Taxable GST 5% GST 18%
Ocean Freight 1250000 62500

TH 127500 22950

Now please let us know that GST is exempt on Export of Ocean Freight but billing party is located in India.

Please refer Notification No. 8/2017-Integrated Tax (Rate). where is noted that gst is exempt on export of ocean freight in this notification. There also a notification notified by Central Tax i.e. Notification 02/2018 Central Tax. please clarify urgently.

One of our private companies.paid up capital is around 40,92,000 which is less than 50 lakhs and its previous year turnover is around 32 crore.so can we consider it as a small Company as per sectiom 2(85) and go for Fast track merger?

XYZ is the manufacturer of Product ‘A’ which attracts 12% GST. To manufacture this product, they require Blocks, Punches etc. which they get it done from outside. XYZ recovers this amount of developing the blocks and punches from the customer through tax invoice issued for Product ‘A’ but shows it separately as ‘Development charges’ for making blocks and punches. 1) Can XYZ charge the same GST which is applicable for product ‘A’ in respect of development charges recovered or 2) Need to issue a separate service invoice for development charges and charge the applicable GST?

Dear Sir,

Can any one help to Provide me the Draft Memorandum of Assiciation (MOA)/Articles of Association (AOA) for Electrical Engineering and Solar energy Services Pvt. Ltd. company.

Thanks & Best Regards,
Devendra Singh

Names of first directors should be mentioned in AOA as per Table F of Schedule I of the Companies Act,
2013.
Definition of private company as per Sec. 2(68) of the Companies Act, 2013 should be mentioned in AOA.
ABOVE QUERY IS RAISED ON MCA FOR FORMATION OF COMPANY THEN WHAT CHANGES I HAVE TO DO IN aoa PLEASE STATE & WHERE

We are service provider and are registered in GST.
In August 2018 we had issued invoice of Rs. 236000( 200000 + 18% IGST) to our Client who is also registered in GST.
In Nov 2018 we had issued credit note of Rs. 118000 ( 100000 + 18% IGST)

What is impact of credit note in GSTR-1 and GSTR 3B of Nov 2018...?

Our client had surrendered GSTIN in January 2018 but ARN is pending for processing till now.
Now we want to raise bill to our client for services provided(we are registered in GST)
Should we mention GSTIN of client on invoice or not...?
As his GSTIN is not cancelled till now should we assume client as registered or unregistered....?

GST REGISTRATION TRUNOVER LIMIT ANY NOTIFICATION

If my understanding is correct, after 01.07.17, if a person is claiming ‘All Industry Rate’ of Duty Drawback, still he can claim refund of accumulated ITC on account of continuous exports. But I am not getting the relevant circular / authority under which it is allowed. Please help.

ABC(Firm)
XYZ(Supplier)

ABC received Gold incentive scheme(in kind) from XYZ. GST taxability from the Part of ABC. and journal entry.