Tag Archives: GST FAQ

GST on IT / ITES : FAQ

GST FAQ on IT / ITES Question 1: Whether software is regarded as goods or services in GST ? Answer: In terms of Schedule II of the CGST Act 2017, development, design, programming, customisation, adaptation, upgradation, enhancement, implementation of information technology software and temporary transfer or permitting the use or enjoyment of any intellectual property… Read More »

Tweet FAQs on GST Registration

TWEET FAQs PRESS RELEASE, DATED 16-8-2017  The tweets received by askGST_GoI handle were scrutinized and developed into a short FAQ. It should be noted that the tweets received or the replies quoted are only for educational and guidance purposes and do not hold any legal validity. S. No. Questions/Tweets Received Replies 1. I have applied for… Read More »

GST FAQ on HSN Codes

 GST FAQ on HSN Codes 1. What is the HSN code and GST rate for lac or shellac bangles? Lac or shellac bangles are classifiable under heading 7117 and attract 3% GST. 2. What is the HSN code and GST rate for kulfi? Kulfi is classifiable under heading 2105 and attracts 18% GST. 3. What… Read More »

GST on Handicraft Sector : FAQ

GST on Handicraft Sector Question 1 : How will imports be taxed under GST? Answer: All imports will be deemed as inter-State supplies for the purposes of levy of GST. IGST is leviable on imports in addition to other duties of customs. Full set-off will be available as ITC of the IGST paid on import… Read More »

GST on Mining Sector : FAQ

GST on Mining Sector Question 1: Can small mining leaseholders with a turnover less than Rs.75 lacs operate under composition scheme? Answer: As per Sec. 10(1) of the CGST Act, 2017, a registered person whose aggregate turnover in the preceding FY did not exceed Rs.75 lakhs, would be eligible for paying GST under the composition scheme.… Read More »

GST on Textile Sector : FAQ in Hindi

GST on Textile Sector   Related Topic on GST Topic Click Link GST Acts  Central GST Act and States GST Acts GST Rules GST Rules  GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars  GST Judgments GST Judgments GST Press Release GST Press Release GST Books Best… Read More »

GST FAQ E Commerce released by CBEC

GST FAQ E Commerce Question 1: What is Electronic Commerce ? Answer: Electronic Commerce has been defined in Section 2(44) of the CGST Act, 2017 to mean the supply of goods or services or both, including digital products over digital or electronic network. Question 2: Who is an e-commerce operator? Answer: Electronic Commerce Operator has… Read More »

GST FAQ Food Processing Industry released by CBEC

GST FAQ Food Processing Industry Question 1: If I have multiple manufacturing units in a State/UT, do I have to register all my companies separately or as a group? Answer: You shall be granted a single registration in the State/UT. However, you have the option to take separate registration for each of your business verticals… Read More »

150 GST FAQ’s Replied by Govt of India

GST FAQ’s Question Answer Registration 1 Does aggregate turnover include value of inward supplies received on which RCM is payable? Refer Section 2(6) of CGST Act. Aggregate turnover does not include value of inward supplies on which tax is payable on reverse charge basis. 2 What if the dealer migrated with wrong PAN as the… Read More »

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 »