FAQ

  • 1. What is GST? How does it work? 

    GST or Goods and Services Tax is a single indirect tax, imposed by the State and Central Governments on sale, manufacture, and consumption of goods throughout the country. GST will replace multi-stage indirect taxes imposed on goods and services by the Central and State Governments.

  • 2. How would GST be administered in India ?  
  • 3. Why is Dual GST required ?  
  • 4. What would be the role of GST Council ?  
  • 5. What is the guiding principle of GST Council ? 
  • 6.How will decisions be taken by GST Council ?  
  • 7.Who is liable to pay GST under the proposed GST regime ?  
  • 8. What are the benefits available to small taxpayers under the GST regime ? 
  • 9.How will the goods and services be classified under GST regime ?  
  • 10.How will imports be taxed under GST ?  
  • 11. How will Exports be treated under GST?  
  • 12.What is the taxable event under GST ?  
  • 13.Are all goods and services taxable under GST ? 
  • 14.What is meant by Reverse Charge ?  
  • 15. What is advantage of taking registration in GST ?  
  • 16. How would a particular transaction of goods and services be taxed simultaneously under Central GST (CGST) and State GST (SGST) ?  
  • 17. Will cross utilization of credits between goods and services be allowed under GST regime ?  
  • 18. Why was the Constitution of India amended recently in the context of GST ?  
  • 19. Can a person without GST registration claim ITC and collect tax ?  
  • 20.Whether the Registration granted to any person is permanent ?  
  • 21.Is it necessary for the UN bodies to get registration under GST ? 
  • 22.What is the responsibility of the taxable person supplying to UN bodies ?  
  • 23.What is the validity period of the Registration certificate issued to a Casual Taxable Person and non- Resident Taxable person ?  
  • 24.Is there any Advance tax to be paid by a Casual Taxable Person and Non-resident Taxable Person at the time of obtaining registration under this Special Category ?  
  • 25. Whether Amendments to the Registration Certificate is permissible ?  
  • 26. Whether Cancellation of Registration Certificate is permissible ?  
  • 27. Whether cancellation of Registration under CGST Act means cancellation under SGST Act also ?  
  • 28.Can the proper Officer Cancel the Registration on his own ?  
  • 29. Is there an option to take centralized registration for services under GST Law ?  
  • 30.At the time of registration will the assesse have to declare all his places of business ?  
  • 31. Will there be any communication related to the application disposal ?  
  • 32.Can the registration certificate be downloaded from the GSTN portal ?  
  • 33. Is the reverse charge mechanism applicable only to services ?  
  • 34. Who are the persons liable to take a Registration under the Model GST Law ? 
  • 35. Is there a provision for a person to get himself voluntarily registered though he may not be liable to pay GST ?  
  • 36. Whether the proper officer can reject an Application for Registration ?  
  • 37. What happens when the registration is obtained by means of wilful mis-statement, fraud or suppression of facts ?  
  • 38.What are the main features of GST payment process ? 
  • 39. What is the value of taxable supply to be adopted for the levy of GST ? 
  • 40. What is time of supply in case of supply of vouchers in respect of goods and services ? 
  • 41.Will import of services without consideration be taxable under GST ? 
  • 42. Will ISD be required to be separately registered other than the existing tax payer registration ?  
  • 43. Does cancellation of registration impose any tax obligations on the person whose registration is so cancelled ?  
  • 44. How will tax liability on a composite supply be determined under GST ?  
  • 45. How will tax liability on a mixed supply be determined under GST ?  
  • 46.Which taxes at the Centre and State level are being subsumed into GST?  
  • 47. How will be Inter-State Transactions of Goods and Services be taxed under GST in terms of IGST method? 
  • 48. Which are the commodities proposed to be kept outside the purview of GST?  
  • 49.What type of GST is proposed to be implemented? 
  • 50.Which authority will levy and administer GST? 
  • 51.What are composite supply and mixed supply? How are these two different from each other? Composite supply:  
  • 52.What is the treatment of composite supply and mixed supply under GST?  
  • 53.Can any person other than the supplier or recipient be liable to pay tax under GST? 
  • 54.What is the threshold for opting to pay tax under the composition scheme?  
  • 55.What are the rates of tax for composition scheme?  
  • 56. Who are not eligible to opt for composition scheme?  
  • 57.Can the registered person under composition scheme claim input tax credit? 
  • 58.Which are the cases in which registration is compulsory? 
  • 59.What is the time limit for taking a Registration under GST?  
  • 60. If a person is operating in different states, with the same PAN number, whether he can operate with a single Registration?  
  • 61. Whether a person having multiple business verticals in a state can obtain for different registrations?  
  • 62.Is possession of a Permanent Account Number (PAN) mandatory for obtaining a Registration?  
  • 63. Is it necessary for the Govt. Organisation to get registration?  
  • 64 What does “date of receipt of payment” mean?  
  • 65.What is the time of supply of goods in case of tax payable under reverse charge?  
  • 66. What is the time of supply of service in case of tax payable under reverse charge?  
  • 67. What is the time of supply applicable with regard to addition in the value by way of interest, late fee or penalty or any delayed payment of consideration?  
  • 68. Is there any change in time of supply, where supply is completed prior to or after change in rate of tax?  
  • 69. What is the time of supply, where supply is completed prior to change in rate of tax?  
  • 70.What is the time of supply, where supply is completed after the change in rate of tax? 
  • 71. What is the time period within which invoice has to be issued for supply of Goods?  
  • 72. What is the time period within which invoice has to be issued for supply of Services?  
  • 73 What is the time period within which invoice has to be issued in a case involving continuous supply of goods? 
  • 74. What is the time period within which invoice has to be issued in a case involving continuous supply of services?  
  • 75. What are the different types of supplies under the GST law? 
  • 76. Can composition scheme be availed of by a manufacturer and a service supplier?  
  • 77 What will be the effective date of registration? 
  • 78. Is there any system to facilitate smaller dealers or dealers having no IT infrastructure?  
  • 79. What will be the time limit for the decision on the on line registration application? 
  • 80. What will be the time of response by the applicant if any query is raised in the online application?  
  • 81.What is the difference between casual and nonresident taxable persons? 
  • 82. What do you mean by “supply made in the course or furtherance of business”?  
  • 83. What is a Composite Supply under CGST/ SGST/UTGST Act?  
  • 84. Are there any activities which are treated as neither a supply of goods nor a supply of services? 
  • 85. When does the liability to pay GST arise in respect of supply of goods and Services?  
  • 86.. Where it is not possible to determine the time of supply in terms of sub-section 2, 3, 4 of Section 12 or that of Section 13 of CGST/SGST Act, how will time of supply be determined?  
  • 87. What is the time period within which invoice has to be issued where the goods being sent or taken on approval for sale?  
  • 88. Which date is considered as date of deposit of the tax dues – Date of presentation of cheque or Date of payment or Date of credit of amount in the account of government?  
  • 89. What is the scope of ‘supply’ under the GST law?  
  • 90. Whether supply of software would be treated as supply of goods or supply of services under GST law? 
  • 91. What is aggregate turnover?  
  • 92.Who is a Non-resident Taxable Person? 
  • 93. Who is an ISD? 
  • 94.Can a taxpayer have multiple ISDs? 
  • 95. Is there any facility for digital signature in the GSTN registration? 
  • 96. What is the process of refusal of registration? 
  • 97.Can cancellation of registration order be revoked? 
  • 98. What is a taxable supply? 
  • 99. Are self-supplies taxable under GST? 
  • 100. What are inter-state supplies and intrastate supplies? 
  • 101. What is a mixed supply? 
  • 102.What is meant by zero rated supply under GST? 
  • 103.What is time of supply? 
  • 104. What is transaction value? 
  • 105. What are the benefits of GST ?  
  • 106.What will be the status of Tobacco and Tobacco products under the GST regime? 
  • 107.What is IGST? 
  • 108. Who will decide rates for levy of GST? 
  • 109. What is the scope of composition scheme under GST? 
  • 110. What is GSTN and its role in the GST regime? 
  • 111.How are the disputes going to be resolved under the GST regime? 
  • 112. What is the purpose of Compliance rating mechanism?  
  • 113. Whether actionable claims liable to GST? 
  • 114. Whether transaction in securities be taxable in GST?  
  • 115. Is there any provision in GST for tax treatment of goods returned by the recipient? 
  • 116.What is Anti-Profiteering measure? 
  • 117.Where is the power to levy GST derived from? 
  • 118. Are there separate valuation provisions for CGST, SGST and IGST and for Goods and Services? 
  • 119.Is reference to GST Valuation Rules required in all cases? 
  • 120. Can the transaction value declared under section 15(1) be accepted? 
  • 121. Whether post-supply discounts or incentives are to be included in the transaction value? 
  • 122. Whether pre-supply discounts allowed before or at the time of supply are includible in the transaction value? 
  • 123.What are the payments to be made in GST regime? 
  • 124. Who is liable to pay GST? 
  • 125. When does liability to pay GST arises? 
  • 126. How can payment be done? 
  • 127. How can payment be done? 
  • 128. When is payment of taxes to be made by the Supplier? 
  • 129. Whether time limit for payment of tax can be extended or paid in monthly installments? 
  • 130. What happens if the taxable person files the return but does not make payment of tax? 
  • 131. What are E-Ledgers? 
  • 132. What is a tax liability register? 
  • 133.What is a Cash Ledger? 
  • 134. Whether Works contracts and Catering services will be treated as supply of goods or supply of services? Why? 
  • 135. Clarify in case of SEZ unit if any GST has to be billed in case of exports & deposited to govt. & what about in case on non-SEZ export? 
  • 136. What is the refund procedure and how much time it takes for refund?  
  • 137. How Input credit (ITC) for July, August and September has to be claimed when site of Govt. is not functioning properly and not allowing the verification. 
  • 138. What if one company’s vendor doesn’t mention GST on invoice of July & August? Can ITC (Input credit) be claimed on this? If yes, procedure. If no, what is advised here? 
  • 139. What if the person/company who is selling services/goods issues GST invoice but doesn’t pass benefit or doesn’t upload the same to GSTN. In all such cases how should we avail input credit? 
  • 140. For the month of July & August how the input credit has to be calculated and taken benefit - complete procedure. 
  • 141. At the later date once the GSTN system is fully functional how the input credit has to be availed if service/goods provider misses to upload the GSTIN bill? 
  • 142. Suggest what taxes/duties are applicable between inter unit transfer from SEZ to STPI & vice versa. Earlier everything was tax free. What is the procedure now? 
  • 143. Explain anti-profiteering policy under GST? 
  • 144. Are separate books needed for exports and domestic sales under GST or common books acceptable? 
  • 145. How duty drawback policy has been changed under GST regime? 
  • 146. How input credit has to be calculated in case of GSTR 3B? 
  • 147. What is the use of TRAN-1 & its use? Kindly suggest if input credit for period before 1st July has to be claimed via any returns in new GST regime? 
  • 148. What is the procedure for carrying forward the credit available as on 30th June’17 ? 

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