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Gst compounding

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(Querist)
13 June 2017 Dear Experts, Kindly tell me compounding​ dealer will change gst in invoice or not. how he will deposit tax
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
13 June 2017 compounding​ dealer will not charge gst in invoice, he has to deposit GST from his margin.
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rajesh

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rajesh (Querist)
13 June 2017 what type of margin
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
13 June 2017 Profit margin..................
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rajesh

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rajesh (Querist)
13 June 2017 it means margin between sale - Purchase
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
13 June 2017 Yes you are right.............
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rajesh

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rajesh (Querist)
13 June 2017 he will issue bill of supply instead of tax invoice Right?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
13 June 2017 Yes you are right................
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rajesh

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rajesh (Querist)
13 June 2017 when I export good what types of invoice I issued and what's will be document with the invoice
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
13 June 2017 Export of goods from India attracts nil GST. However, if GST is paid at any point of time against exports from India can be either refunded or can be exported under bond without paying GST.
As per recent developments in international trade, instead of Export Invoice and Export packing list, a single document called ‘Export invoice cum Packing list’ is accepted in customs and other authorities worldwide.
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rajesh

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rajesh (Querist)
13 June 2017 in GST two type on invoices tax and bill of supply..what I will issue at time time if export
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
13 June 2017 You have to issue export invoice.
The contents in Export Invoice remains same except inclusion of following information:

1. An endorsement in Export Invoice as “SUPPLY MEANT FOR EXPORT ON PAYMENT OF IGST” or “SUPPLY MEANT FOR EXPORT UNDER BOND WITHOUT PAYMENT OF IGST”, as the case may be, and shall, in lieu of the details.
2. Name and address of the recipient
3. Address of Delivery
4. Name of the country of Destination
5. Number and date of application of removal of goods for Export (ARE-1)


The above procedures are same as central excise procedures for movement of goods for export, previous to introduction of GST
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rajesh

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rajesh (Querist)
19 June 2017 Dear sir, if I purchase stationery for office use and paid amount to shopkeeper with GST. can I take credit of GST..
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
19 June 2017 Yes you can take credit provided you purchase it from GST registered dealer(not a composition dealer).
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rajesh

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rajesh (Querist)
19 June 2017 if he is not registered then I will pay the tax and I can take credit on same month
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
19 June 2017 Yes you can do that............
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