Q. 376 Workcontract name business dealer opt composition scheme 1 % tax rate registered in gst act. if dealer notice from gst department april-21 to march-22 sales turnover rs:55,40,500/- show in cmp-08 return.dealer opt composition scheme 1 %tax rate not eligible dealer convert to regular scheme or opt composition scheme 6 % tax rate show in notice. Question: Dealer composition scheme 1 % tax rate not eligible and composition scheme 6 % tax rate turnover limit in gst act ?

Ans. Under GST law, composition scheme for services is applicable when turnover limit is up to INR 50,00,000/- in preceding financial year. The rate of tax applicable is 3% CGST + 3% SGST or 6% IGST.

Q. 375 We are dealing in medicated toothpaste and baby products and would like to export to Nepal directly to the customer without paying the GST. So please provide us the list of documents required for pre-export, during the export and post-export (completion of export to prove that the goods have been exported from India to Nepal) ?

Ans. As per section 2(5) of the IGST Act, 2017, “export of goods” with its grammatical variations and cognate expressions, means taking goods out of India to a place outside India. In the above case, you can export goods under LUT without payment of GST.

Q. 374 GST Rate on Government Civil Works has been changed from 18/07/2022 from 12% to 18% through Press Release. Please give us the Notification details ?

Ans. Notification No. 03/2022- Central Tax (Rate) | Dated: 13th July, 2022