Objective: As GST System will be implemented w.e.f 1st July 2017, the existing system of indirect taxation will be replaced by the GST Law.
GST is not only a tax reform but also a business reform which will impact all kinds of taxpayers and persons dealing with taxable goods and services, manufacturing, job work, trade and business activity, supply chain and logistics.
The main objective of transitional provisions is to provide a safe cushion for existing tax payers to adopt the new GST regime without any confusion and make the migration process smooth and without any hassles, by providing the clear cut guidelines for transitions from the existing system of taxation into the new System. The transitional provisions related with Input Tax Credit ensures that no Input Tax Credit will get blocked due to repeal of the existing laws and introduction of GST Laws. It also take cares of the manner of disposal of the existing adjudication, appeal and recovery proceedings in the new regimen.
The webinar will help in disseminating the proper information and dispel the doubts prevalent in certain segments of trade and industry regarding status of stock /credit, jobwork /pending litigation/refund and demand of the existing taxation system on and after the rollout of GST. It will be useful the taxpayers and tax officials alike.
Day: 21/06/2017
Time: 03:30 PM
Speaker: Shri Rajeev Agarwal, IRS (1995 Batch), SVP GSTN
how to login.???
140(3) of CGST Act gives provisions to works contractor AND who is taking benefit under Notification 26/2012 but abatement is not available for works contract but only for construction of complex.Please clarify
Anyone here with knowledge on how to make the transition for wholesale and retail grocery business?
I am textile manufacturer of cloth with help of various jobworker and received mostly yarn from out state with issuing c form and from exempted units of yarn.How can I get input credit on my stock of cloth which I am lying on 30.06.Can I take input credit on 40% on my stock.One more thing I am having stock of yarn and manufactured cloth with yarn which was 2% charged by vat of state ,can I claim that vat as input credit please clarafy
we are merchant exporter. instead of paying 5% GST, can we able to making bond. secondly, what is HSN CODE of Sale of Import Licence ( MEIS)?
Regd dealers under VAT are compulsorily registered under GST. How can a retail dealer with 11 lakhs sales claim exemption under GST on the ground of below threshold limit, when he is registered under GST.
Small manufacturers whose turnover is less then Rs 20 lacs, do they still have to register? Pl clarify.
I am from Tamilnadu. I deal in Student note books which is exempt under VAT. Input credit of VAT paid for buying paper to make note books is also reversed. GST for note books is 18%. For closing stock I have to suffer a clear loss of 18%. How are you going to help dealers with closing stock of exempted goods now becoming taxable
GST rate for RM is @18% and the FG is at 12%. Is the excess ITC is eligible for refund?
it is a very good move - suggest how to join the webinar may also kindly be detailed to enable more and more persons to join it and get benefitted