GST FAQs

10 FAQs on Goods & Services Tax (GST ) for Company Secretaries

Goods and Services Tax - Q.1  What are the opportunities available for Company Secretaries under Goods and Services Tax regime? Ans. Under Goods and Services Tax, a Company Secretary has the following opportunities: To act as a GST Practitioner Pursuant to Section 48 of CGST Act, 2017 read with Rule 83 of Central Goods and Services Tax Rules, 2017 (CGST [&hellip...

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10 FAQs on ‘Anti-profiteering’ activity under GST

Goods and Services Tax - 1. What is an ‘Anti-profiteering’ activity? The suppliers of goods and services should pass on the benefit of any reduction in the rate of GST on such supplies or the benefit of input tax credit to the recipient by way of commensurate reduction in prices. The wilful action of not passing of such above said […]...

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Application for Rectification of Order under GST with FAQs

Goods and Services Tax - A. FAQs > Filing Application for Rectification or Taking Action in the  Subsequent Proceedings u/s 161 Conducted by Tax Officer 1. How can Rectification of Orders be done? Rectification of order issued can be done on the basis of suo moto or upon receipt of application from taxpayer. 2. What is the time limit within […]...

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Application for Withdrawal of Summary GST Assessment Order & FAQs

Goods and Services Tax - FAQs > Filing Application for Withdrawal of Summary Assessment Order and Tracking the Status of the Subsequent Proceedings u/s 64 1. What is Summary Assessment u/s 64? Summary Assessment u/s 64 is framed by an Adjudicating or Assessing Authority (A/A) to assess the tax due from the person in charge of the goods if an […]...

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How to file Form GST DRC – 20 with FAQs

Goods and Services Tax - I. FAQs > Filing Form GST DRC – 20 (Application for Deferred Payment or Payment in Instalments) 1. What is the purpose of FORM GST DRC – 20? FORM GST DRC – 20 is an application form that can be filed by any taxpayer to apply for one of the following two options available to […]...

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FAQ’s and MCQ’s on GST

Goods and Services Tax - ICAI has come out with revised publication titled FAQ's and MCQ's on GST. It provides a comprehensive coverage of GST in easy to understand question answer format written in lucid language....

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100 Practical issues and possible solutions on E – way bills under GST

Goods and Services Tax - ICAI has come up with an FAQ on E-way Bill under GST in which it discussed 100 Practical issues and possible solutions on E – way bills under GST. In this FAQ ICAI has considered almost all the issues which we will face in E- Way Bill System and Solutions for the same. Direct Link […]...

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Error Message ‘CESS liability is yet to be set off’ while resetting GSTR-3B

Goods and Services Tax - Taxpayer is not able to reset and file GSTR-3B. Error report shows YOU HAVE ALREADY OFF SETTED GSTR-3B, but CESS liability is yet to be set off....

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GST FAQs in Hindi, Gujarati, Malayalam, Punjabi, Telugu, Kannada, Assamese, Bangla

Goods and Services Tax - CBEC released FAQ on GST in English, Hindi, Assamese, Gujarati, Malayalam, Punjabi Telugu and Kannada for the benefit of General Public...

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GST FAQs on Services to SEZ and by fabric processors (job workers)

F. No. CBEC/20/16/03/2017-GST - (14/06/2018) - FAQs on hotel and accommodation services etc. to SEZ / SEZ Developers and refund of unutilized input tax credit to independent fabric processors (job workers)...

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21 FAQs on IGST refunds on goods exported out of India

F. No. 450/ 119120 17-Cus IV - (15/02/2018) - Board has been continuously receiving representations from exporters and trade association in relation to pending IGST refund . In order to bring clarity amongst the exporters/trade associations. it has been decided to release Frequently Asked Questions (FAQ) on IGST refund which may be Circulated t...

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GST on accommodation services, betting, gambling, horse racing, cinema etc.

Circular No. 27/01/2018-GST - (04/01/2017) - Clarifications regarding levy of GST on accommodation services, betting and gambling in casinos, horse racing, admission to cinema, homestays, printing, legal services etc. – Reg. ...

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Suggestions for smooth compliance of GST- Issue and Response

F. No. 349/147/2017- GST/405 - (30/11/2017) - Issue: Payment up to Rs. 50,000 to be allowed through cheque instead of current provision of Rs. 10,000. Response: The Council deliberately decided to keep Rs. 10,000/- as limit for payment through 'over the counter mode' of payment. The same has been decided in the line with the view of Government ...

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Recent Posts in "GST FAQs"

10 FAQs on Goods & Services Tax (GST ) for Company Secretaries

Q.1  What are the opportunities available for Company Secretaries under Goods and Services Tax regime? Ans. Under Goods and Services Tax, a Company Secretary has the following opportunities: To act as a GST Practitioner Pursuant to Section 48 of CGST Act, 2017 read with Rule 83 of Central Goods and Services Tax Rules, 2017 (CGST [&hellip...

Read More

10 FAQs on ‘Anti-profiteering’ activity under GST

1. What is an ‘Anti-profiteering’ activity? The suppliers of goods and services should pass on the benefit of any reduction in the rate of GST on such supplies or the benefit of input tax credit to the recipient by way of commensurate reduction in prices. The wilful action of not passing of such above said […]...

Read More

FAQ’s and MCQ’s on GST

ICAI has come out with revised publication titled FAQ's and MCQ's on GST. It provides a comprehensive coverage of GST in easy to understand question answer format written in lucid language....

Read More

Application for Rectification of Order under GST with FAQs

A. FAQs > Filing Application for Rectification or Taking Action in the  Subsequent Proceedings u/s 161 Conducted by Tax Officer 1. How can Rectification of Orders be done? Rectification of order issued can be done on the basis of suo moto or upon receipt of application from taxpayer. 2. What is the time limit within […]...

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Application for Withdrawal of Summary GST Assessment Order & FAQs

FAQs > Filing Application for Withdrawal of Summary Assessment Order and Tracking the Status of the Subsequent Proceedings u/s 64 1. What is Summary Assessment u/s 64? Summary Assessment u/s 64 is framed by an Adjudicating or Assessing Authority (A/A) to assess the tax due from the person in charge of the goods if an […]...

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How to file Form GST DRC – 20 with FAQs

I. FAQs > Filing Form GST DRC – 20 (Application for Deferred Payment or Payment in Instalments) 1. What is the purpose of FORM GST DRC – 20? FORM GST DRC – 20 is an application form that can be filed by any taxpayer to apply for one of the following two options available to […]...

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How to File GSTR-11 for Inward Supplies with FAQs

Frequently Asked Question on GSTR-11 Q.1 What is Form GSTR-11? Ans: Form GSTR-11 is to be filed by persons who have been assigned a Unique Identity Number (UIN). It is a statement of inward supply of goods or services or both received by an UIN holder. Q.2 Who needs to file Form GSTR-11? Ans: Persons […]...

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FAQs on GST ITC-02

FAQs > GST ITC-02 Q.1 What are the pre-conditions for filing of ITC declaration in FORM GST ITC-02? Ans: The following conditions must be met for being eligible to file the FORM GST ITC-02: 1. In case any registered entity undergoes sale, merger, de-merger, amalgamation, lease or transfer, the acquired entity must file ITC declaration ...

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GSTR-4A – FAQs and How to view the Return GSTR-4A

FAQs > GSTR-4A Q.1 What is Form GSTR-4A? Ans: Form GSTR-4A is an auto-drafted and read only form and is auto created on basis of data from the saved/submitted/filed Form GSTR-1/5 and filed Form GSTR-7 of the taxpayers, where composition dealer is the recipient. The Composition dealer cannot take any action in Form GSTR-4A. This [&helli...

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MRP on a pre-packaged commodity: FAQs post recent GST Reduction

FAQs on Relaxation of Legal Metrology (Packaged Commodities) Rules, 2011 for facilitation of implementation of the provisions of the GST Act and GST Rules 1) What is MRP? MRP is the maximum retail sale price inclusive of all taxes. 2) Whether GST is included in MRP? Yes, The MRP on a pre-packaged commodity is inclusive […]...

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