GST


1. What is Goods and Service Tax (GST)?
2. Objective of Implementing GST ?
3. What exactly is the concept of destination based tax on consumption?
4. Which of the existing taxes are proposed to be subsumed under GST?
5. Which are the commodities to be kept outside the purview of GST?
6. What are the taxes applicable to the Post GST implementation ?
7. How will the goods and services be classified under GST regime?
8. What is the taxable event under GST?
9. Is the reverse charge mechanism applicable only to services?
10. Can the taxable person under composition scheme claim input tax credit?
11. Can the customer who buys from a taxable person who is under the composition scheme claim composition tax as input tax credit?
12. How will imports be taxed under GST?
13. How will Exports be treated under GST?
14. What is the purpose of Compliance rating mechanism?
15. Whether supplies made without consideration will also come within the purview of supply under GST?
16. What is meant by Reverse Charge?
17. What is advantage of taking registration in GST?
18. Can a person without GST registration claim ITC and collect tax?
19. What will be the effective date of registration?
20. Who are the persons liable to take a Registration under GST ?
21. What is the time limit for taking a Registration under GST?
22. If a person is operating in different states, with the same PAN number, whether he can operate with a single Registration?
23 . Is possession of a Permanent Account Number (PAN) mandatory for obtaining a Registration?
24. Whether the Registration granted to any person is permanent?
25. Is it necessary for the Govt. Organization to get registration?
26. Is there an option to take centralized registration for services under GST Law?
27. Whether all assesses / dealers who are already registered under existing central excise/service tax/ vat laws will have to obtain fresh registration?
28. Are self-supplies taxable under GST?
29. What are the different types of supplies under the GST law?
30. What is a Composite Supply under CGST/ SGST/UTGST Act?
31. What is a mixed supply?
32. What is meant by zero rated supply under GST?
33. What is the value of taxable supply to be adopted for the levy of GST?
34. What is transaction value?
35. When liability to pay GST does arises?
36. What is input tax?
37. Can GST paid on reverse charge basis be considered as input tax?
38. Does input tax includes tax (CGST/IGST/SGST) paid on input goods, input services and capital goods?
39. Who needs to file Return in GST regime?
40. Which type of taxpayers need to file Annual Return?

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