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Home Acts & Rules Bill GST - Draft-Bills-Reports FAQ on GST dated 21.9.2016 based on Draft Model GST Chapter 1 = Overview of Goods and Services Tax (GST) Chapters List This

Overview of Goods and Services Tax (GST) - FAQ on GST dated 21.9.2016 based on Draft Model GST

Chapter: 1
Overview of Goods and Services Tax (GST)
Question 1	:	What is Goods and Service Tax (GST)?
Question 2	:	What exactly is the concept of destination based tax on consumption?
Question 3	:	Which of the existing taxes are proposed to be subsumed under GST?
Question 4	:	What principles were adopted for subsuming the above taxes under GST?
Question 5	:	Which are the commodities proposed to be kept outside the purview of GST?
Question 6	:	What will be the status in respect of taxation of above commodities after introduction of GST?
Question 6A	:	What will be status of Tobacco and Tobacco products under the GST regime?
Question 7	:	What type of GST is proposed to be implemented?
Question 8	:	Why is Dual GST required?
Question 9	:	Which authority will levy and administer GST?
Question 10	:	Why was the Constitution of India amended recently in the context of GST?
Question 11	:	How a particular transaction of goods and services would be taxed simultaneously under Central GST (CGST) and State GST (SGST)?
Question 12	:	What are the benefits which the Country will accrue from GST?
Question 13	:	What is IGST?
Question 14	:	Who will decide rates for levy of GST?
Question 15	:	What would be the role of GST Council?
Question 16	:	What is the guiding principle of GST Council?
Question 17	:	How will decisions be taken by GST Council?
Question 18	:	Who is liable to pay GST under the proposed GST regime?
Question 19	:	What are the benefits available to small tax payers under the GST regime?
Question 20	:	How will the goods and services be classified under GST regime?
Question 21	:	How will imports be taxed under GST?
Question 22	:	How will Exports be treated under GST?
Question 23	:	What is the scope of composition scheme under GST?
Question 24	:	Whether the composition scheme will be optional or compulsory?
Question 25	:	What is GSTN and its role in the GST regime?
Question 26	:	How are the disputes going to be resolved under the GST regime?
Question 27	:	What are the other legislative requirements for introduction of the GST?

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