Q.   Registered as Composition dealer in UP VAT & Now as Regular in GST regism, how to claim ITC on TAX PAID stock in hand as on appointed date.

Ans.  Please  refer rule no. 117(2) (b) of SGST Rules, 2017, Same to be availed through Trans 1.

Q.  Last date for filing Trans 1 ? Can it be filed with late fee if filed after a due date ? plz reply urgently.

Ans.  Last date was 27th December, 2017. No. it can't be filed with late fee after due date.

Q.  Our firm export without LUT/Bond  Now I will pay IGST Yes or no. and if will pay IGST. What if refund process. How show in gst3b.askGST_Gol

Ans.  If you export without LUT, IGST will be required to be paid at the time of Export, you can pay it through ITC and your shipping bill will itself will be considered a refund application of the paid IGST Refer Rule 96. In GSTR-3B it will be shown in column 3.1 (outward taxable supplies) (zero rated).

Q.   Late fee payment done in penalty column online. How we get reverse?

Ans.  Apply for refund of the same, it can be done manually too, please refer circular no. 24/2017 dated 21.12.17.

Q.  If I have opted for composition on 13th August, then do I have 2 pay comp tax after August 14^th to September and normal return for and before 13^th August Plz help

Ans.  Please refer rule 3A of CGST Rules, 2017, composition scheme would be effective from the first day of the month immediately succeeding the month. So file composition return till August and normal return thereafter.

Transitional Input Tax Credit claims must be made via TRAN-1; late filing is not permitted under the GST rules. Claims for transitional Input Tax Credit on tax-paid stock must be made through Form TRAN-1 under SGST Rules, 2017 and cannot be filed late; transition from composition to regular status is effective from the first day of the month following the month of change, with returns to be filed accordingly. Exports without LUT require IGST payment (usable via ITC), the shipping bill acts as the refund application and such supplies are reported as zero-rated outward supplies in GSTR-3B; wrongly paid late fees entered as penalty can be reclaimed by refund application per the administrative circular.