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Recent changes and its impact under GST on supplies made to Merchant Exporter
Introduction:
"Merchant Exporter" means a person engaged in trading activity and exporting or intending to export goods. Merchant exporters are instrumental to boost exports which contribute to growth of Indian economy. To support the same, special benefit of procurement of goods without payment of duty is provided under earlier indirect tax laws (Central Excise/ VAT etc.) on following the procedure prescribed. Under GST, the said benefit was discontinued till 23.10.2017....
Read moreFive current issues in Goods and Services Tax
1. Availability of Transitional credit for Traders:
It is seen that based on the concerns raised by various exporters, government has immediately acted upon and created a mechanism in GST portal enabling exporters to claim refund of the taxes paid. This step has been widely appreciated and exporters are at ease as their issue of working capital has been now resolved.
We urge government to immediately address the similar issue in case of traders wherein as per transitional...
Read more100 Issues & solutions in filing GST Returns & TRAN Forms - Hiregange & Associates
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It is seen that industry, trade and professionals have been facing various issues in filing of GST Returns and transitional forms. Therefore, this article is written to provide as a ready reckoner to those involved in filing of GST returns to understand the issues and also solution to resolve the same. For ease of readers, the issues are provided in FAQ form and the same is also segregated in various sub-heads as given in table below. |