June 10, 2017
Transitional-Provisions

Transitional Provisions

Q 1. Will the CENVAT/ITC carried forward in the last return prior to GST under earlier law be available as ITC under GST? Ans. Yes, the registered taxable person shall […]
June 10, 2017
Frontend-Business-Process-on-GST-Portal

Frontend Business Process on GST Portal

Q 1. What is GSTN? Ans. Goods and Services Tax Network (GSTN) is a nonprofit non-government company, which will provide shared IT infrastructure and service to both central and state […]
June 10, 2017
Place-of-Supply-of-Goods-and-Service

Place of Supply of Goods and Service

Q 1. What is the need for the Place of Supply of Goods and Services under GST? Ans. The basic principle of GST is that it should effectively tax the […]
June 10, 2017
Overview-of-the-IGST-Act

Overview of the IGST Act

Q 1. What is IGST? Ans. “Integrated Goods and Services Tax” (IGST) means tax levied under the IGST Act on the supply of any goods and/or services in the course […]
June 10, 2017
Offences-and-Penalties,-Prosecution-and-Compounding

Offences and Penalties, Prosecution and Compounding

Q 1. What are the prescribed offences under MGL? Ans. The Model GST Law codifies the offences and penalties in Chapter XVI. The Act lists 21 offences in section 66, […]
June 10, 2017
Inspection,-Search,-Seizure-and-Arrest

Inspection, Search, Seizure and Arrest

Q 1. What is the meaning of the term “Search”? Ans. As per law dictionary and as noted in different judicial pronouncements, the term ‘search’, in simple language, denotes an […]
June 10, 2017
Settlement-Commission

Settlement Commission

Q 1. What are the basic objective of Settlement Commission? Ans. The basic objectives of setting up of the Settlement Commission are:- i. to provide an alternate channel for dispute […]
June 10, 2017
demands-and-recovery

Demands and Recovery

Q 1. Which is the applicable section for the purpose of recovery of tax short paid or not paid or amount erroneously refunded or input tax credit wrongly availed or […]
June 10, 2017
GST Refunds

Refunds

Q 1. What is refund? Ans. Refund has been discussed in section 38 of the MGL. “Refund” includes refund of tax on goods and/or services exported out of India or […]

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