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GST

Home Acts & Rules GST Draft-Bills-Reports FAQ on GST (2nd Edition) dated 31.3.2017 Chapter 2 = Levy of and Exemption from Tax Chapters List This

Levy of and Exemption from Tax - FAQ on GST (2nd Edition) dated 31.3.2017

Chapter: 2
Levy of and Exemption from Tax
Question 1 : Where is the power to levy GST derived from?
Question 2 : What is the taxable event under GST?
Question 3 : Whether supplies made without consideration will also come within the purview of supply under GST?
Question 4 : Will giving away essential commodities by a charitable institution be taxable activity?
Question 5 : Who can notify a transaction to be supply of goods or services?
Question 6 : What are composite supply and mixed supply? How are these two different from each other?
Question 7 : What is the treatment of composite supply and mixed supply under GST?
Question 8 : Are all goods and services taxable under GST?
Question 9 : What is meant by Reverse Charge?
Question 10 : Is the reverse charge mechanism applicable only to services?
Question 11 : What will be the implications in case of receipt of supply from unregistered persons?
Question 12 : Can any person other than the supplier or recipient be liable to pay tax under GST?
Question 13 : What is the threshold for opting to pay tax under the composition scheme?
Question 14 : What are the rates of tax for composition scheme?
Question 15 : A person availing composition scheme during a financial year crosses the turnover of ₹ 50 Lakhs during the course of the year i.e. say he crosses the turnover of ₹ 50 Lakhs in December? Will he be allowed to pay tax under composition scheme for the remainder of the year i.e. till 31st March?
Question 16 : Will a taxable person, having multiple registrations, be eligible to opt for composition scheme only for a few of registrations?
Question 17 : Can composition scheme be availed of by a manufacturer and a service supplier?
Question 18 : Who are not eligible to opt for composition scheme?
Question 19 : Can the registered person under composition scheme claim input tax credit?
Question 20 : Can the customer who buys from a registered person who is under the composition scheme claim composition tax as input tax credit?
Question 21 : Can composition tax be collected from customers?
Question 22 : How to compute ‘aggregate turnover’ to determine eligibility for composition scheme?
Question 23 : What are the penal consequences if a person opts for the composition scheme in violation of the conditions?
Question 24 : Does the GST Law empower the Government to exempt supplies from the levy of GST?
Question 25 : When exemption from whole of tax collected on goods or services or both has been granted absolutely, can a person pay tax?
 

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