TaxTMI 
TaxTMI 
casual dealer
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....asual dealer<br> Query (Issue) Started By: - CA.ANCHAL RASTOGI Dated:- 26-9-2017 Last Reply Date:- 28-9-2017 Goods and Services Tax - GST<br>Got 5 Replies<br>GST<br>* A person is a registered dealer in the Utter Pradesh and do not opt composition. It wants to take part in an exhibition, being organised in Rajasthan. It takes registration as casual dealer in Rajasthan and deposit estimated tax ac....
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....cordingly. It transfer is goods from U P to Rajasthan through Tax Invoice and charge IGST. It sale its goods at exhibition by charging Rajasthan SGST and CGST. My queries as under: * Whether point no. 4 above is correct? Whether IGST paid as per point no. 4 above is adjustable against SGST and CGST of Point no. 5 above? Whether estimated tax liability as per point no. 3 above will be calcul....
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....ated after adjusting IGST of point no. 4 above? Reply By MARIAPPAN GOVINDARAJAN: The Reply: a. Point No. 4 is correct; b. It could not be adjusted; c. Advance tax is calculated by the Authority concerned and it shall be deposited and it cannot be adjusted against anything. Reply By KASTURI SETHI: The Reply: IGST is to be adjusted preference wise: 1. IGST is to be adjusted against IGST and ....
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....thereafter remaining balance against CGST and thereafter remaining balance against SGST Reply By Chhatra Jain: The Reply: You will have to charge IGST for goods transferred from U P to Rajasthan. IGST pd on your Tax Invoice/s would be your ITC and can be adjusted against your CGST/ SGST liabilities as per preferences. In my view when you submit your calculation of advance, you must take into a....
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....ccount ITC. Reply By KASTURI SETHI: The Reply: As per FAQ a casual person is entitled to ITC for all inward supplies. Reply By Himansu Sekhar: The Reply: Regarding point no. 3, the deposit will be made initially in cash. Igst is not ascertainable at that time. All other points-yes<br> Discussion Forum - Knowledge Sharing ....