Regarding gst

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 December 2016 Dear Experts
Pls clarify my doubt on GST...1) weather GST shall be applicable on turnover exceed 19 Lakh or 20 Lakh....2) weather GST shall be separately on sales portions and separate on service portions....3) weather GST Cenvat on purchase will be available....4) will cenvat credit of input service be available.....5) who will pay GST saler or buyer and service provider or service receiver....6) what is the GST payment due date...7) return of GST will be file monthly or quarterly...8) what will be the due of filing GST return?

Pls clarify the Above

Regds
Amit

Swati

Swati (Expert)

11 January 2017 1.Gst shall be applicable on turnover exceeding 20 lacs and the assesee should get register when turnover reached 19 lacs.
2. Yes, Gst return format shows separate table for goods & services.
3. Yes, credit on purchase of both goods & services shall be available except the assessee is availing composition scheme.
4. in case of goods, gst shall be collected from buyer and paid to govt by seller.
5. in case of services, reverse charge categories have not been specified by the council till date. It will be notigied once act will be passed.
5. Gst return- 3 RETURNS TO BE MADE.
PURCHASE & SALES RETURN( GSTR-1,2) due date is 10th of following month.
third return due date is 20th of following month.

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