Tag Archives: GST FAQ

GST FAQ’s in Odiya – 31.03.2017 – Download

GST FAQ’s in Odiya Download GST FAQ’s in Odiya released by CBEC on 31.03.2017   GST FAQ’s in Tamil – 31.03.2017 GST FAQ’s in Kannada -31.03.2017 GST FAQ’s in Bengali – 31.03.2017 GST FAQ’s in Punjabi – 31.03.2017 GST FAQ’s in Telugu – 03.05.2017 GST FAQ’s in Marathi – 31.03.2017 GST Book Marathi – Free… Read More »

GST FAQ’s in Tamil – 31.03.2017

GST FAQ’s in Tamil released  by CBEC on 31.03.2017 Download GST FAQ’s in Tamil GST FAQ’s in Kannada -31.03.2017 GST FAQ’s in Bengali – 31.03.2017 GST FAQ’s in Punjabi – 31.03.2017 GST FAQ’s in Telugu – 03.05.2017 GST FAQ’s in Marathi – 31.03.2017 GST Book Marathi – Free E Download GST PPT Marathi – Download… Read More »

GST FAQ’s in Punjabi – 31.03.2017

GST FAQ’s in Punjabi Download GST FAQ’s in Punjabi released by CBEC on 31.03.2017 GST FAQ’s in Telugu – 03.05.2017 GST FAQ’s in Marathi – 31.03.2017 GST FAQ’s in Assamese as on 31.03.2017  GST FAQ in Malyalam – as on 08.05.2017 GST FAQ in English – 31.03.2017 GST FAQ in Hindi; 31.03.2017   

GST FAQ’s in Telugu – 03.05.2017

GST FAQ’s in Telugu Download GST FAQ’s in Telugu released by CBEC on 03.05.2017 GST FAQ’s in Marathi – 31.03.2017 GST FAQ’s in Assamese as on 31.03.2017  GST FAQ in Malyalam – as on 08.05.2017 GST FAQ in English – 31.03.2017 GST FAQ in Hindi; 31.03.2017 

GST FAQ by CBEC 31.03.2017 -2nd Edition

GST FAQ by CBEC 31.03.2017 GST FAQ by CBEC- 2nd Edition. 31.03.2017 – Download -Print S. No. FAQs on GST – Goods and Service Tax Act 1. FAQs on Overview of Goods and Services Tax (GST) 2. FAQs on Levy of and Exemption from Tax under GST 3. FAQs on Registration under GST 4. FAQs on Meaning and… Read More »

GST FAQ – GSTN and Frontend Business Process on GST Portal – 31.03.2017 by CBEC

Goods and Service Tax (India) – FAQ 31.03.2017 by CBEC GSTN and Frontend Business Process on GST Portal Chapter 23 Q 1. What is GSTN? Ans. Goods and Services Tax Network (GSTN) is a not-for-profit, non-government company promoted jointly by the Central and State Governments, which will provide shared IT infrastructure and services to both… Read More »

GST FAQ- Offences, Penalties, Prosecution and Compounding – 31.03.2017 by CBEC

Goods and Service Tax (India) – FAQ 31.03.2017 by CBEC Offences, Penalties, Prosecution and Compounding Chapter 20 Q 1. What are the prescribed offences under CGST/SGST Act? Ans. The CGST/SGST Act codifies the offences and penalties in Chapter XVI. The Act lists 21 offences in section 122, apart from the penalty prescribed under section 10… Read More »

GST FAQ – Appeals, Review and Revision -31.03.2017 by CBEC

Goods and Service Tax (India) – FAQ 31.03.2017 by CBEC Appeals, Review and Revision in GST Chapter 16 Q 1. Whether any person aggrieved by any order or decision passed against him has the right to appeal? Ans. Yes. Any person aggrieved by any order or decision passed under the GST Act(s) has the right… Read More »

GST FAQ -Refunds – 31.03.2017 by CBEC

Goods and Service Tax (India) – FAQ 31.03.2017 by CBEC Refunds Chapter 14 Q 1. What is refund? Ans. Refund has been discussed in section 54 of the CGST/SGST Act. “Refund” includes (a) any balance amount in the electronic cash ledger so claimed in the returns, (b) any unutilized input tax credit in respect of (i)… Read More »

GST FAQ -Returns Process and matching of ITC- 31.03.2017 by CBEC

Goods and Service Tax (India) – FAQ 31.03.2017 by CBEC Returns Process and matching of Input Tax Credit Chapter 12 Q 1. What is the purpose of returns? Ans. a) Mode for transfer of information to tax administration; b) Compliance verification program of tax administration; c) Finalization of the tax liabilities of the taxpayer within… Read More »

GST FAQ -Job Work- 31.03.2017 by CBEC

Goods and Service Tax (India) – FAQ 31.03.2017 by CBEC Job Work Chapter 9 Q 1. What is job work? Ans. Job work means undertaking any treatment or process by a person on goods belonging to another registered taxable person. The person who is treating or processing the goods belonging to other person is called… Read More »

GST FAQ- GST Payment of Tax – 31.03.2017 by CBEC

Goods and Service Tax (India) – FAQ 31.03.2017 by CBEC GST Payment of Tax Chapter 7 Q 1. What are the Payments to be made in GST regime? Ans. In the GST regime, for any intra-state supply, taxes to be paid are the Central GST (CGST), going into the account of the Central Government) and… Read More »

GST FAQ -Valuation in GST – 31.03.2017 by CBEC

Goods and Service Tax (India) – FAQ 31.03.2017 by CBEC Valuation in GST Chapter 6 Q 1. What is the value of taxable supply to be adopted for the levy of GST? Ans. The value of taxable supply of goods and services shall ordinarily be ‘the transaction value’ which is the price paid or payable,… Read More »

GST FAQ- Time of Supply -31.03.2017 by CBEC

Goods and Service Tax (India) – FAQ 31.03.2017 by CBEC Time of Supply Chapter 5 Q1. What is time of supply? Ans. The time of supply fixes the point when the liability to charge GST arises. It also indicates when a supply is deemed to have been made. The CGST/SGST Act provides separate time of… Read More »

GST FAQ -Registration – 31.03.2017 by CBEC

Goods and Service Tax (India) – FAQ 31.03.2017 by CBEC Registration Chapter 3 Q 1. What is advantage of taking registration in GST? Ans. Registration under Goods and Service Tax (GST) regime will confer following advantages to the business: Legally recognized as supplier of goods or services. Proper accounting of taxes paid on the input… Read More »

GST FAQ- Levy of and Exemption from Tax -31.03.2017 by CBEC

Goods and Service Tax (India) – FAQ 31.03.2017 by CBEC Levy of and Exemption from Tax Chapter 2 Q 1. Where is the power to levy GST derived from? Ans. Article 246A of the Constitution, which was introduced by the Constitution (101st Amendment) Act,2016 confers concurrent powers to both, Parliament and State Legislatures to make… Read More »

Mandatory for Govt. Departments to obtain registration under GST – Conditions

Is it necessary for the Govt. Department to obtain registration under  GST ? As per Section 2(73)(g) of Revised Model GST Law person” includes— any corporation established by or under any Central, State or Provincial Act or a Government company as defined in section 2(45) of the Companies Act, 2013 (18 of 2013); Thus In case the Government… Read More »

GST Input service distributor & recipient should have Same PAN to distribute Credit

Whether the Input service distributor and the recipient situated in different States should have same PAN or different PANs Explanation 2 to Section 21(3) [Manner of distribution of credit by Input Service Distributor] of Revised Model GST Law – Recipient of credit’ means the supplier of goods and / or services having the same PAN as that… Read More »

GST Input Tax Credit Treatment in case Switchover from Taxable to Exempt /Composition Scheme

What is the Input Tax Credit Treatment in case of switchover from taxable to exempt transactions or from Regular to composition Scheme ? As per Section 18(7) of the Revised Model GST Law the taxable person should pay the input tax credit already availed to the extent of credit in stock and on capital goods… Read More »

GST Input Tax Credit on Change from Composition scheme to Regular scheme

whether input tax credit can be claimed on capital goods and Inputs  on change of scheme from composition scheme to Regular scheme under GST As per Section 18(3) the taxable person is entitled for input tax credit on capital goods and Inputs on Change of option from Composition Scheme to regular Scheme. [ Read Composition Scheme under… Read More »

New / Voluntary Registration – GST Credit not available on Input Services / Capital Goods –

Whether input tax credit can be availed on input services and capital goods when there is application for new registration or voluntary registration under section 18 When there is application for new registration or voluntary registration under Section 23(1) or Section 23(3) GST , Input tax credit cannot be availed on the input services and… Read More »

GST -Taxation of Advance Payments

GST on Advance Payment Received Provisions in GST relating to Taxation of Advance Payments for Goods or Services In terms of section 12 (Time of Supply of Goods)  & Section 13 (Time of Supply of Services) of the Revised Model GST Law, , time of supply of goods or services shall be earliest of date of… Read More »

Can GST return once uploaded be revised or rectified

Can GST return once uploaded be revised or rectified? Answer: There is no provision for revision of any return under Revised Model GST Law. The return once filed and matched will become final. The transactions which need revision in any return already filed will be considered in the next month’