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Webinar on "Transitional Provisions in GST Law"

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

Talk

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Showing 72 Submission(s)

Lalit Joshi 8 years 6 months ago

sprinkler pipes /Drips & Lateral Pipes was exempted under HSN 84248100 .Now under GST what is HSN code and % of GST.

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Amit 8 years 6 months ago

We are having status of manufacturer under central excise and have stored certain inputs out of our factory with due statutory intimations and claim CENVAT as and when we receive the same into our factory. How can we take CENVAT/ Input Credit against stock lying outside our factory as on appointed date (1st July).

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Nirmalmalhotra Malhotra 8 years 6 months ago

sir,my self gen sec of cycle udyog vapar mandal in up.we r 0 percent tax in vat.now govt keep us in 5%-12@ 18%.all cycle dealer r very disturb. how they can set there old stock.all small dealers r in villages.if possible pl cycle trade excumt from gst also,all user r poor peple,children.pl look the matter nd send it prime minister.

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NEERAJ DUDEJA 8 years 6 months ago

Hi sir congratulate all for GST my query is regarding service tax migration to GST for MF/Financial services distributor some queries like 1. if my total commission from all services is less than 20 Lakh. do i need to register for GST? 2. If i am not registered under GST. Will my principle company deduct my GST? 3. if any of my client address is out of state. Do i need to get registered under GST and charge IGST ? any other effect on my tax liability

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ca sushil kumar dalmia 8 years 6 months ago

sir, if the point of sale is mistakenly choosen, and sgst and cgst are wrongly charged and deposited, the only way to rectify the mistake is to deposit igst and claim refund of sgst - can this condition not be altered by allowing adjustment of the taxes wrongly deposited eg sgst and cgst rather than making fresh deposit of igst and claiming refund

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deepak kumar 8 years 6 months ago

Hi I sar my no laptop pezz

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ca sushil kumar dalmia 8 years 6 months ago

section 49 puts restriction that cgst credit cannot be utilised for payment of sgst or utgst and vice versa - the cash flow of the assessees is going to be under pressure under gst - if this restriction is removed, it shall ease the working a lot at the assessees end and the account between central and state govts can be settled at the backend.

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MUKESH SEDANI 8 years 6 months ago

SIR ABHI TAK GST NUMBER HI NAHI MILA KISIKO 1 JULYSE HUM SALES PURC KAISE KARENGE

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veerajag 8 years 6 months ago

A Chartered Accountant paying service tax on cash basis. Suppose he has rendered services and raised invoice before 1.7.17 but payment is received after 1.7.17, what will be the tax liability -15% or 18%??

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ca sushil kumar dalmia 8 years 6 months ago

what if sgst and cgst are merged and the division between the central and state govts is done at the backend so that it gives comfort to assessees and gives the feeling of one tax

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