GST-Time of Supply-FAQ’s on GST by CBEC

GST-Time of Supply FAQ’s on GST by CBEC (Note MGL = Model GST Law) Q 1. 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 MGL provides separate time of supply for goods and services. Q 2. When does the liability to charge GST arise in respect of supply of goods? AnRead More…

FAQs on GST Released by Govt

Ministry of Finance 03-August, 2016 Frequently Asked Questions (FAQs) on Goods and Services Tax (GST) Following are the answers to the various frequently asked questions relating to GST: Question 1.What is GST? How does it work? Answer: GST is one indirect tax for the whole nation, which will make India one unified common market.  GST is a single tax on the supply of goods and services,Read More…