Q. 517 I am exporter of Readymade garments my question Gst on air freight exempt 30/09/2022 . gst starting on 1 october 2022 @18% him we whom to show my returns gst r-1 earlier we did not show it on 30-Sep-2022 in gst r-1 ?

Ans. In the above case, no further extension of GST exemption is available. GST will be applicable at the rate of 18% on air freight. 

Q. 516 Goods invoice value more than Rs.50000 purchased without Ewaybill. how it will impact the receiver ?

Ans. As per section 68, Whenever there is a movement of goods of consignment value exceeding ` 50,000: (i) in relation to a supply; or (ii) for reasons other than supply; or (iii) due to inward supply from an unregistered person, the registered person who causes such movement of goods shall furnish the information relating to the said goods as specified in Part A of Form GST EWB-01 before commencement of such movement. In case of e-way bill, the cause of movement of goods is important to undertake provisions of e-way bill. If there was no cause of movement of goods, then provisions of e-way bill will not be undertaken.

Q. 515 Sir, Can a C.A under composition scheme issuing bill of supplies for his services , issue credit notes towards fee reduction done by the client ?

Ans. Yes, sir you can issue a credit note. And in return self- assessed tax liability to be calculated on net of advances, credit and debit notes and any other adjustment due to amendments etc.