GST Queries

[MAHESH MAIYA]

Sir,

My queries are;

1. Is it Mandatory to reverse the GST on post sale discounts ?. If not, sale consideration do not match.

2. Other state CGST & SGST can also be taken credit ? Company in Karnataka, employee goes to Hotel in Goa, CGST & SGST will be charged in the Bill. Can CGST & SGST of that state can be taken credit in Karnataka if the bills obtained with Kanataka GSTIN ?

3. Service tax under Reverse Charge Mechanism of June 17 was be paid in July 17 on import of services (Royalty). How to take credit of this. There is no provision neither in TRANS01 nor in anywhere.

4. Whether re-imbursements made by the company to our authorised distributor attracts GST ?

I shall be greatful to you, if you any one can clear all my above queries.

Mahesh Maiya. P

9448680200

[Vamsi Krishna]

1) GST on post sale discount to be reversed through Credit Notes and as you said sale consideration wont match

2) CGST& SGST of other states can not be claimed in the registered state

3) It was advised to pay june RCM in month of june ( 30th Jun) and claim in Jun itself. As of now not sure about the credit in July.

4) Will check and revert shortly..

AI Summary

GST credit rules: reversal for post-sale discounts via credit notes; interstate CGST and SGST credit disallowed.
Post sale discounts require reversal by issuing credit notes to adjust tax; interstate CGST and SGST paid in another state cannot be claimed as input tax credit in the registrant's state. Reverse charge on imported services should be paid and claimed in the month of accrual, and credit when payment is delayed to a subsequent month is uncertain. GST treatment of reimbursements to authorised distributors remains unresolved pending further clarification.