1. What is the basic information that needs to be furnished in Form GSTR-1? Ans: The details to be entered in the return of outward supplies Form GSTR-1, made by the trader depends upon the nature of supplies made. The provisions are as follows:
1. Who is liable to issue a ‘tax invoice’? Ans: Eve y taxable person supplying goods or services or both is required to issue ‘tax invoice’. 2. What details are to be contained in a ‘tax invoice’? Ans: The tax invoice shall contain details as specified in Rule 1 of Tax Invoice,Credit and Debit Notes […]
What category of persons are required to migrate to GST? Ans: Taxable persons who are paying service tax, State VAT or Central Excise are required to migrate to GST. They will get temporary PAN based registration number. Final registration will be granted after submitting necessary information and papers, as defined under Section 139 of CGST and SGST Act 2017.
How can tax payments be made under GST? Ans. Under GST tax payment is easy and can be done first by using the input tax credit available. The payment can also be done in cash through all modes available like e-payment through net-banking, credit card and debit card, over the counter of banks, RTGS or NEFT.
A taxable persons business is in many States. All supplies are below Rs 10 lakhs. He makes some Inter State supply from one State. Is he liable for registration? Ans: He is liable to register if the aggregate turnover (all India) is more than 20 lakhs (Rs 10 lakhs in Special Category States) or if he is engaged in Inter State supplies. In this case he would be liable to register all his businesses.
What does job work mean? Ans: Job work means undertaking any treatment or process by a person on goods belonging to another registered person and the expression ‘job worker’ shall be construed accordingly, as defined in Section 2(68) of CGST Act 2017.
Article Compiles list of 149 Type of Goods which are exempt from Tax under GST with respective HSN Code and Description of Goods as per Notification No. 2/2017-Central Tax (Rate) New Delhi, the 28th June, 2017 GOODS AND SERVICES TAX List of Exempted Goods under GST S. No. Classification Description of Goods 1 0101 Live asses, […]
SRO 281.- In exercise of the powers conferred by sub-section (2) of section 1 of the Jammu and Kashmir Goods and Services Tax Act, 2017, the Government hereby appoint 8th day of July as the date from which the said Act shall come into force.
SRO 279 .- In exercise of the powers conferred by sub-section (1) and sub-section (2) of section 10 of the Jammu and Kashmir Goods and Services Tax Act, 2017 (hereinafter referred to as the said Act) the State Government, on the recommendations of the Council
SRO -GST-11.- In exercise of the powers conferred by sub-section (1) of section 9, sub-section (1) of section 11, sub-section (5) of section 15 and sub-section (1) of section 16 of the Jammu and Kashmir Goods and Services Tax Act, 2017, the Government, on the recommendations of the Council, and on being satisfied that it is necessary in the public interest so to do, hereby notifies that the state tax
