Q. Can an accommodation service providers opt composition scheme under GST
Ans.
As per section 10, you can opt subject to the terms and conditions specified in there.
Q. On survey the stock find in excess is officer can impose fine equal to value of goods on excess stock aprt from tax and penalty equal to tax
Ans.
As per our opinion, the officer can invoke the proceedings under section 73 or 74. However levying of fine equivalent to value is not defined.
Q. Clerical Error while filing CMP 08 mentioned turnover value of Rs. 1,01,08,800 instead of Rs. 10,10,880/- one extra digit number punched but at the time of filing GSTR 4 correct this mistake. Can we defend this mistake through any case law?
Ans.
There is no such case law. Annual returns served the purpose of rectifying and correctly reporting of figures.
Q. Sarso
Ans.
HSN of sarso (mustard)- 09109927
Q. Plz tell the turnover limit if any for maintaining the stock quantity wise and item wise in income tax and GST
Ans.
As per gst no limit is set.
Q. Can we apply for normal GST registration for one business and GST registration under composition for another business with same PAN in same state?
Ans.
As per our opinion, you can apply for composition for another GSTN however the aggregate turnover on the pan cannot be more than 1.5 crore.
Q. Plz tell the limit of turnover for maintaining the stock in account books according to income tax and Gst
Ans.
As per Section 35(1)(c) of the CGST Act 2017 there is no limit, it is mandatory to keep the stock of goods.
