Q What will be status of Tobacco and Tobacco products under the GST regime? Ans. Tobacco and tobacco products would be subject to GST. In addition, the Centre would have the power to levy Central Excise duty on these products Education Guide on Goods & Service Tax (GST) S. No. Title of the Post… Read More »
Q Which are the commodities proposed to be kept outside the purview of GST? Ans. Alcohol for human consumption, Petroleum Products viz. petroleum crude, motor spirit (petrol), high speed diesel, natural gas and aviation turbine fuel& Electricity. Education Guide on Goods & Service Tax (GST) S. No. Title of the Post 1. Goods and… Read More »
Q Can a taxpayer generate challan in multiple sittings? Ans. Yes, a taxpayer can partially fill in the challan form and temporarily “save” the challan for completion at a later stage. A saved challan can be “edited” before finalization. After the tax payer has finalized the challan, he will generate the challan, for use of… Read More »
Q . Is there a validity period of challan? Ans. Yes, a challan will be valid for fifteen days after its generation and thereafter it will be purged from the System. However, the taxpayer can generate another challan at his convenience. Education Guide on Goods & Service Tax (GST) S. No. Title of the… Read More »
GST Certificate Download Here is the procedure and frequently asked question on GST Certificate Download from GST portal Q Can the registration certificate be downloaded from the GSTN portal? Ans. In case registration is granted, applicant can download the Registration Certificate from the GST common portal. www.gst.gov.in When will Provisional Registration Certificate be issued? The… Read More »
Q . Is the pre-registration of credit card necessary in the GSTN portal for the GST payment? Ans. Yes. The taxpayer would be required to pre-register his credit card, from which the tax payment is intended, with the Common Portal maintained on GSTN. GSTN may also attempt to put in a system with banks in… Read More »
Q Can a challan generated online be modified? Ans. No. After logging into GSTN portal for generation of challan, payment particulars have to be fed in by the tax payer or his authorized person. He can save the challan midway for future updation. However once the challan is finalized and CPIN generated, no further changes… Read More »
The last major development on GST was the approval of Union Cabinet for the formation of GST council and enforcement of all sections of the 101st Constitutional Amendment Act. The GST Council has fixed the annual turnover threshold of Rs. 10 Lakh for North eastern states and Rs 20 Lakh for the other regions. Latest… Read More »
Tribunal can refuse to admit appeal under GST As per the following FAQs on GST by CBEC Tribunal can refuse to admit appeal under GST Q 16. When the Tribunal is having powers to refuse to admit the appeal?- GST Appeals, Review and Revision in GST Ans. In cases where the appeal involves – •… Read More »
Club /Society members needs to pay GST As per the following FAQ’s on GST by CBEC (Meaning and Scope of Supply) , Club/ Society member needs to pay GST on the Services availed by them from such Society or Club. Thus the govt has overridden the Mutuality concept under which services provided by club /… Read More »