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GST

Home Acts & Rules GST Draft-Bills-Reports FAQ [OLD] on Goods and Services Tax (GST) - (December 2015) This

FAQ [OLD] on Goods and Services Tax (GST) - (December 2015)

Question 1 : What is the justification of GST?
Question 2 : What is GST? How does it work?
Question 3 : How can the burden of tax, in general, fall under GST?
Question 4 : How will GST benefit industry, trade and agriculture ?
Question 5 : How will GST benefit the exporters?
Question 6 : How will GST benefit the small entrepreneurs and small traders?
Question 7 : How will GST benefit the common consumers?
Question 8 : What are the salient features of the proposed GST model?
Question 9 : Why is Dual GST required?
Question 10 : How would a particular transaction of goods and services be taxed simultaneously under Central GST (CGST) and State GST (SGST)?
Question 11 : Which Central and State taxes are proposed to be subsumed under GST?
Question 12 : What is the rate structure proposed under GST?
Question 13 : What is the concept of providing threshold exemption for GST?
Question 14 : What is the scope of composition and compounding scheme under GST?
Question 15 : How will imports be taxed under GST?
Question 16 : Will cross utilization of credits between goods and services be allowed under GST regime?
Question 17 : How will be Inter-State Transactions of Goods and Services be taxed under GST in terms of IGST method?
Question 18 : Why does introduction of GST require a Constitutional Amendment?
Question 19 : How are the legislative steps being taken for CGST and SGST?
Question 20 : How will the rules for administration of CGST and SGST be framed?
 
 
 

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