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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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