Tax Management India. Com
                            Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Manuals News SMS Articles Highlights
        Home        
 
Extracts
Home List
← Previous Next →

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

Question 10 - Draft-Bills-Reports - Frequently Asked Questions (FAQ) GST - FAQ [OLD] on Goods and Services Tax (GST) - (December 2015) - Question 10 - Q 10: Ans: The Central GST and the State GST would be levied simultaneously on every transaction of .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

te VAT which is levied on the value of the goods inclusive of CENVAT. While the location of the supplier and the recipient within the country is immaterial for the purpose of CGST, SGST would be chargeable only when the supplier and the recipient are .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

d within the same State for , say ₹ 100, the dealer would charge CGST of ₹ 10 and SGST of ₹ 10 in addition to the basic price of the goods. He would be required to deposit the CGST component into a Central Government account while t .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

nputs). But for paying CGST he would be allowed to use only the credit of CGST paid on his purchases while for SGST he can utilize the credit of SGST alone. In other words, CGST credit cannot, in general, be used for payment of SGST. Nor can SGST cre .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.