GST 03- 30th May 2018 News

Expired

GST 03- 30th May 2018 News

30th Mei 2018 Click on me to download the latest software

English FAQ

17.38. Q : Starting from 01 June 2018, how to declare supplies given relief by Minister,
exempt supplies, other supplies (out-of-scope) and export of goods?
A : Normal rules apply to the declaration of the GST-03 return and tax code.
17.39. Q : What tax code is to be used for acquisition of goods / services made on or
after 01 June 2018 and how is it supposed to be declared in GST-03?
A : A new tax code at the rate of 0% need to be created (TX-0) or any code that
the company uses for standard rated local purchase at 0% on or after 01
June 2018. This tax code needs to be declared in column 6 (a) of the GST03
return
17.40. Q : Can I use a zero-rated acquisition code (ZP) for standard rated acquisition
instead of TX-0?
A : Yes, the company may use the ZP code or any new code created for
purchases at 0%. In the case of zero-rated purchases (ZP) made on or after
01 June 2018, value of purchase shall be declared in column 6 (a) of GST03
because all ZP purchases have been changed to a standard rate 0%.