28 November 2016
MANY MANY THANK SIR. I ALSO WANT TO KNOW THAT - 1) HOW MANY TIME GST RETURN SUBMIT IN A YEAR? 2) SUPPOSE WE HAVE 5% AND 14.5% VAT AND CST, SERVICE TAX 15% AND EXCISE 12.6%. ON PURCHASE, SALES AND SERVICE. HOW WILL IT CALCULATE AND SUBMIT? 3) WAYBILL REQUIRE FOR INTER STATE PURCHASE OR SALES UNDER GST? 4) 'C' FORM, EI OR EII WILL BE REQUIRE UNDER GST?
28 November 2016
1) Minimum 36 Returns in a year i.e monthly 3 Returns Before 10th Outward Supply Return, before 15th Inward Supply Return and 20th Final Return. 2) All the taxes what you have mentioned will go and only 3 types of tax should be levied. CGST, SGST on Within the state Sale and IGST in Inter State Sales. 3) Regarding Waybill need to check. I may not be required. 4) Under GST there will not be lForm C /E1 /EII on every type of sale GST is applicable even if it is Stock Transfer to branch.
CAclubindia
