GST Queries

When does the liability to pay tax on supply of services arise under reverse charge mechanism?
The liability to pay tax on supply of services under reverse charge mechanism shall arise at the time of supply of services, which is earlier of: Date...
Thu, 6 Jul, 2017 at 4:34 PM
Will I be allowed to take credit GST paid on services provided by Courier Company?
Yes, you will be eligible to take credit of GST paid on services provided by courier company, provided it is used or intended to be used by you in the cours...
Thu, 6 Jul, 2017 at 4:35 PM
What happens where the details of inward supplies furnished by the recipient do not match with the outward supply details furnished by the supplier in his valid return?
In case of mismatch, the communication would be made to the courier company and you. If the mismatch is not rectified by courier company, then the amount wi...
Thu, 6 Jul, 2017 at 4:42 PM
When can a registered taxable person avail credit of the taxes paid on inward supplies of services?
A registered taxable person shall be entitled to avail credit of any input tax in respect of a supply of services provided: He is in possession of a tax ...
Thu, 6 Jul, 2017 at 4:43 PM
Would I be required to reverse input tax credit claimed in case of non-payment of value of services along with tax thereon?
Where a recipient fails to pay to the supplier, the amount towards the value of supply along with tax payable thereon within a period of 180 days from the d...
Thu, 6 Jul, 2017 at 4:44 PM
How will a customer avail credit of IGST paid on import of goods?
Credit will be available to you on the basis of the Bill of Entry filed on the import of goods.
Thu, 6 Jul, 2017 at 4:45 PM
Is there any time limit for claiming input tax credit?
Yes, you can take credit of an invoice or debit note only till the date of filing of consolidated return for the month of September of the following financi...
Thu, 6 Jul, 2017 at 4:45 PM
Can input tax credit be claimed for all the inputs received?
No, input tax credit cannot be claimed for following inputs: Inputs used for non-business use Inputs used from providing exempt supplies Motor veh...
Thu, 6 Jul, 2017 at 5:25 PM
What are the documentary requirements for claiming input tax credits?
Input tax credit can be availed on the basis of following documents: an invoice; a debit note; a bill of entry; an invoice issued by you on acco...
Thu, 6 Jul, 2017 at 5:26 PM
What tax would be applicable in a case where the services, with respect to a contract entered into before the transition date, are supplied on or after the transition date?
Such supply would be liable to GST only in a case where tax is not leviable under the Service Tax laws.   Goods/ Services supplied Contract entered I...
Thu, 6 Jul, 2017 at 5:29 PM