Ques: If i sell a pastry / brownie / any item made out of chocolate at my bakery shop, GST rate to be applied? If i sell the same product in a restaurant , GST rate to be applied?IF I sell aerated beverages in my restaurant , GST rate to be applied? If i sell coffee based products, like cold coffee, hot coffee, GST rate to be applied?

Ans:

• Sale of pastry / brownie / any item made out of chocolate – 18% (1%, if opted for composition scheme)
• Sale in a restaurant  (Standalone Restaurants including takeaways)  – 5% (without ITC)
• Sale of coffee based products, like cold coffee, hot coffee –  5% (without ITC)
• Aerated beverages – 5%  (without ITC)

Ques: We have closed our business operations and wish to surrender Registration. There is GST input of Rs 30000 and are required to pay this amount. How can we pay this amount prior to surrender of registration.

Ans: Input credit will lapse and that you and can reverse while filing final return after registration is cancelled. In case you have to pay something in cash that has to pay through DRC 03

Ques: Do we need to pay RCM on Import of Services which are exempt as per DTAA, that means we are not deducting any TDS on that Transactions.

Ans: Exemption in DTAA has no impact on GST and still it will be taxable if not exempted under GST vide notification no 12/2017