10 Latest Questions and Answers About GST

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10 Latest Questions and Answers About GST You
Should Know
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Q.1 Facility to edit form GST TRAN 1 has been
enabled for those taxpayer also, who have filed
it after 08-11-2017?
Ans. Taxpayers can now file revised Form GST
TRAN-1, even if it results in downward credit. In
such cases, the difference will be added to their
liability.
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Q.2 What is the procedure for changing STATE
circle name in GST RC Amendment ?
Ans. You are advised to contact your
Jurisdictional officer for updation of your
jurisdiction within the state.
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Q.3 Taxpayer is not able to reset and file
GSTR-3B error report shows "you have already
offsetted GSTR-3B ", but cess liablity is yet to
be set off?
Ans. While filing, please ensure that there is
sufficient balance in CESS head in cash ledger
and then offset your tax liablity before filing
of return. Please note that GSTR 3B cannot be
modified/revised after filing.
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Q.4 GSTR 3B filing process simplified now?
Ans. At the time of filing GSTR 3B Return, after
login, the taxpayer has to select Yes/NO in the
questionnaire provided. Based upon selection,
relevent tiles open for entering data in form
GSTR 3B.
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Q.5 How can I file Refund application for the
IGST paid on exports of goods ?
Ans. There is no requirement to file separate
refund for IGST paid on export of goods. The
shipping bills filed by the taxpayer itself is
treated as refund application and the refund
amount is processed and paid to the taxpayer if
conditions as specified in reply to the question
number 2 are fulfilled.
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Q.6 Can I save the application RFD -1A for
refund ?
Ans. Application RFD -1A for refund can be saved
at any stage of completion for a maximum time
period of 15 days. If the same is not submitted
within 15 days, the saved draft will be purged
from the GST database.
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Q.7 How can I track the status of application
RFD -1A for refund?
Ans. To track your submitted application RFD -1A,
navigate to Services ltRefundsgt Track Application
Status command.
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Q.8 What is Zerorated Supply Turnover ?
Ans. Zerorated Supply Turnover is the value of
total supplies made on account of exports out of
india including export to SEZ for the month or
period for which refund of ITC has been sought
for. This is the value of supplies for the tax
period made for exports to a country outside
India or to a SEZ by the taxpayer as mentioned in
his GSTR3B.
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Q.9 What is adjusted Total Turnover ?
Ans. Adjusted total turnover is the value of
supplies in a state or Union Territory,
pertaining to all supplies except exempted
supplies, during the month or the period for
which refund has been sought for. This is the
value of all the supplies except exempted
supplies in State/UT made for the relevant tax
period as mentioned in his GSTR3B of that tax
period.
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Q.10 What is Net ITC ?
Ans. Net ITC is the Input Tax Credit availed by
the Taxpayer in his ITC Ledger during the month
or the period for which refund is sought for. It
is the amount of ITC taken by the taxpayer
through Table 4 of his GSTR3B return of the tax
period refund is sought for.
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