FAQ's About GST

Frequently Asked Questions

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• What is GST? How does it work?

  GST is one indirect tax for the whole nation, which will make India one unified common market. Read More

• What are the benefits of GST ?

  The benefits of GST can be summarized as under: Read More

• Which taxes at the Centre and State level are being subsumed into GST ?

  At the Central level, the following taxes are being subsumed: Central Excise Duty, Read More

• What are the major chronological events that have led to the introduction of GST ?

  GST is being introduced in the country after a 13 year long journey since it was first discussed in the report of the Kelkar Task Force on indirect taxes. A brief chronology outlining the major milestones on the proposal for introduction of GST in India is as follows: Read More

• How would GST be administered in India ?

  Keeping in mind the federal structure of India, there will be two components of GST – Central GST (CGST) and State GST (SGST). Both Centre and States will simultaneously levy GST across the value chain. Read More

• How would a particular transaction of goods and services be taxed simultaneously under Central GST (CGST) and State GST (SGST)?

  he Central GST and the State GST would be levied simultaneously on every transaction of supply of goods and services except on exempted goods and services, goods which are outside the purview of GST and the transactions which are below the prescribed threshold limits. Read More

• Will cross utilization of credits between goods and services be allowed under GST regime?

  Cross utilization of credit of CGST between goods and services would be allowed. Similarly, the facility of cross utilization of credit will be available in case of SGST. However, Read More

• How will be Inter-State Transactions of Goods and Services be taxed under GST in terms of IGST method?

  In case of inter-State transactions, the Centre would levy and collect the Integrated Goods and Services Tax (IGST) on all inter-State supplies of goods and services under Article 269A (1) of the Constitution. Read More

• How will IT be used for the implementation of GST ?

  For the implementation of GST in the country, the Central and State Governments have jointly registered Goods and Services Tax Network (GSTN) as a not-for-profit, non-Government Company to provide shared IT infrastructure and services to Central and State Governments, tax payers and other stakeholders.Read More

• How will imports be taxed under GST ?

  The Additional Duty of Excise or CVD and the Special Additional Duty or SAD presently being levied on imports will be subsumed under GST. Read More

• What are the major features of the Constitution (122nd Amendment) Bill, 2014 ?

  The salient features of the Bill are as follows: Conferring simultaneous power upon Parliament and the State Legislatures to make laws governing goods and services tax; Read More

• What are the major features of the proposed registration procedures under GST ?

  The major features of the proposed registration procedures under GST are as follows: Existing dealers: Existing VAT/Central excise/Service Tax payers will not have to apply afresh for registration under GST. Read More

• What are the major features of the proposed returns filing procedures under GST ?

  The major features of the proposed returns filing procedures under GST are as follows: Common return would serve the purpose of both Centre and State Government. Read More

• What are the major features of the proposed payment procedures under GST ?

  The major features of the proposed payments procedures under GST are as follows: Electronic payment process- no generation of paper at any stage Read More