Q. 107 I want new GST no. Of my partnership firm, please provide procedure ?

Ans. In order to get new registration under GST, please follow below steps:- Apply to https://reg.gst.gov.in/registration/ Declare PAN, Mobile No., and E-mail in Part-A of Form GST REG-01 Validate your detail by OTP/E-mail Temporary Reference Number (TRN) would be generated Upload the required documents Access and fill in Part B using received number The Proper Officer starts verifying your documents The Proper Officer either rejects or accepts your application within 7 working days If any explanation is required you need to produce the documents required After all the clarifications GSTN number will be allotted to you

Q. 106 How to credit input on capital good if we involved in taxable and exempt supply ?

Ans. In order to take input tax credit on capital goods involved in both taxable and exempt supply, the procedure given under rule 43 of the CGST rules have to be followed. Please find analytical link of the same : https://taxo.online/rules-and-forms/rule-43-manner-of-determination-of-input-tax-credit-in-respect-of-capital-goods-and-reversal-thereof-in-certain-cases/ 

Q. 105 Whether rent collected from a guest who stays in the hostel of an Engineering college. If so how much percentage ?

Ans. In terms of exemption notification no. 12/2017 -CT (R ), services by way of renting of residential dwelling for use as residence, “except where the residential dwelling is rented to a registered person” is exempt. Therefore, in the above case, being a college hostel unregistered under GST, rent collected from a guest staying in a college hostel is covered under exemption. Further, if the premises is treated as a guest house then 18 % GST to be levied.