TaxTMI 
TaxTMI 
Differntial rates
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....ifferntial rates<br> Query (Issue) Started By: - arun aggarwal Dated:- 7-6-2017 Last Reply Date:- 8-6-2017 Goods and Services Tax - GST<br>Got 4 Replies<br>GST<br>Sir I am a manufacturer ragistered dealer with the arrival of the rates of GST, a strange position has occured The GST rates are much lower than Excise rates prevailing today Pls advice the treatment of the input balance at the the t....
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....ime of sale under GST of the finished goods stocks , as that can never be adjusted if I carry forward the input even indefinately. Arun Reply By MARIAPPAN GOVINDARAJAN: The Reply: Section 54(3) of CGST Act, 2017 provides that subject to the provisions of section 54(10) a registered person may refund of any unutilized input tax credit at the end of any tax period. Section 54(10) provides that wh....
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....ere any refund is due under section 54(3) to a registered person who has defaulted in furnishing any return or who is required to pay any tax, interest or penalty, which has not been stayed by any Court, Tribunal or Appellate Authority by the specified date, the proper oficer may withheld payment of refund. You may claim refund subject to Section 54(10). The excess credit cannot be adjusted again....
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....st the future payments. Reply By arun aggarwal: The Reply: Sir Anything like anti profiting law applicable here? Reply By Himansu Sha: The Reply: Contention of Govindrajan sir will be helpful to you. Reply By MARIAPPAN GOVINDARAJAN: The Reply: The details of anti-profiteering has not yet come.<br> Discussion Forum - Knowledge Sharing ....