Q. I have submitted Bank guarantee and bond for export purpose. Now as per notification no. 37/2017-Centra Tax, I am eligible to export under LUT. When can I take back BG & bond and instead submit LUT?

Ans. You can do it now. It came into force from 04.10.2017

Q. Do charitable trust having donation receipt above ₹ 20 Lacs and scrap sale of ₹ 1,000 required to obtain Registration?

Ans. No.

Q. I want the notification that explains the latest changes (10^th November) made in branded and non branded food products ?

Ans. Please refer to Notification Nos. 41/2017-Central Tax (Rate) and 42/2017-Central Tax (Rate)

Q. Registered job worker is in another state. Can he supply finished goods after job work under a delivery challan on inter state basis?

Ans. Yes, please refer to rule 55 of CGST Rules.

Q. Is there an option to surrender registration for those who wish to cancel their registration as per Notification no. 05/2017-Central Tax?

Ans. Yes, please refer rule 22 of CGST Rules. You have to apply through FORM REG-16 or REG-29.

Q.  What will be place of supply in case selling goods on his over the counter shop to unregistered parties who belong to other states?

Ans.  Place of supply would be location of supplier.

Q. Service dealer opted for composition scheme. Later he came to know that the scheme is not applicable for services. What remedy he has now?

Ans.  Please refer rule 6(3) of CGST Rules. You can opt out and need to follow all other provisions of the Act.

Q. If have taken composition for restaurant. Am I liable to pay 5% on items sold on MRP such as drinks, chocolates or 1%?

Ans. 5% needs to be paid on turnover in your State/UT.

Q. I pay ₹ 60,000 as shop rent to unregistered dealer. Is reverse charge applicable on that?

Ans. No. Please refer to notification no. 38/2017-Central Tax (Rate)

Export under LUT permits withdrawal of bank guarantees and bonds, enabling export without BG under the LUT regime. Export consignments eligible under LUT may replace previously furnished bank guarantees and bonds immediately. Registered job workers can dispatch finished goods interstate under a delivery challan per rule 55. Registration surrender is available via REG 16/REG 29 under rule 22. Over the counter sales to unregistered out of state buyers have the supplier's location as place of supply. Service providers who misapplied the Composition Scheme may opt out under rule 6(3). Restaurants under composition pay the composition rate on in state turnover for MRP items. Reverse charge does not apply to rent paid to unregistered persons.