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GST coming, GST not coming in July is no more an issue. GST regime started. Last fortnight we were busy in our documents. We had no time to think about Invoice and obligation/liability. System almost stabilized and we are filling regularly. SB/BE is being generated shortest possible time. Time has come to share knowledge or experience with the members. I shall try my best to share my understanding with you all. Export- My opinion is that Ministry of Commerce had no say in formulation of GST. Export is like an orphan. By not allowing debiting of GST against Adv. Authorization, against EPCG Authorization, Annual Authorization, MEIS etc is very bad and will kill export. GST payable for 100% EOU is again a bad policy which need immediate correction. I am taking up the issue and hope appropriate action would be taken to save Export. Transport service : If service receiver is Corporate, Registered factory, Partnership, Registered Society, Association, it is the duty of receiver to pay GST. GST rate is 5% and ITC not allowed. I am also of the opinion that it would not be wrong rather would be proper if we become GTA ( Goods Transport Agency), issue our own LR ( Consignment Note), charge GST and pay. By becoming GTA , we can eliminate small transporter to approach directly to user as in that case it would be responsibility of receiver to pay GST which all receiver would like to avoid. GST on expenses : We shall be to be very careful about booking of expenses. As per GST Rule, if expenses is less than Rs. 5000.00 per day (18,25,000.00 per year), there is no need to pay GST. Otherwise, we shall have to pay GST on reverse basis. We must insist for Tax bill whenever we purchase. Our main worry is handling expenses. You all know what expenses I am talking about. We must be careful. Everything is on PAN based. GST not alone, final boss is Income Tax Authority. Your turnover, GST Return and Income Tax must corroborate. Invoice and Debit Note format : We have designed Invoice and Debit/Credit Note format. If you all wish, can be circulated. Advance Payment : Advance payment attract GST. If you receive advance, you need to charge GST please note the same. Shipping Company's charges- Shipping Companies are using different SAC ( Service Accounting Code). It could have been better if they use uniform SAC. Raise Debit Note if Shipping Lines' Invoice is in favour of Party. If Invoice is your favour, then Raise Tax Invoice . Since you are stationed at Mumbai and Shipping Line's Offices are also in Maharashtra, they will charge you CGST and SGST. You should also charge CGST and SGST provided party's address is in Maharashtra means service receiver's address is in Maharashtra. In case of receiver's address is in other state, you need to charge IGST. You will be eligible for ITC Credit. CFS charges- : If CFS invoice in favour of Party, please raise DEBIT NOTE. If Invoice is your favour, then Raise Tax Invoice . Since you are stationed at Mumbai and CFSs are also in Maharashtra, they will charge you CGST and SGST. You should also charge CGST and SGST provided party's address is in Maharashtra means service receiver's address is in Maharashtra. In case of receiver's address is in other state, you need to charge IGST. You will be eligible for ITC Credit.
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Associated Membership Form



Name of Person:

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EDUCATIONAL QUALIFICATION

CUSTOMS QUALIFICATION:

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I / WE HEREBY DECLARE / PLEDGE THAT:

I hereby make application for membership in the MUMBAIZONE CUSTOMS BROKERS' ASSOCIATION and agree to pay one time admission fee and yearly membership fees as applicable

The information supplied in this application is true and correct.

That we have not been refused admission by any Professional institution 0r Society or CB Association

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We pledge to observe the Code Ethics of this Association and fully understand and agree that I/We may be censured, suspended, or expelled from the Association if found guilty of practics contrary to the code ethics / or detrimental to the best interests of the Association and / or the professions of Customs Broker.

We pledge If admitted as member, we agree to bw bound by the Rules and code of conduct and Articles of Association of Mumbaizone Customs Brokers'' Association now in force or which may herefter from time to time be in force.

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