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TMI BlogLevy of and Exemption from TaxX X X X Extracts X X X X X X X X Extracts X X X X ..... ent under GST? Ans. Taxable event under GST is supply of goods or services or both. CGST and SGST/ UTGST will be levied on intra-State supplies. IGST will be levied on inter-State supplies. Q 3. Whether supplies made without consideration will also come within the purview of supply under GST? Ans. Yes, but only those activities which are specified in Schedule I to the CGST Act / SGST Act. The said provision has been adopted in IGST Act as well as in UTGST Act also. In cases where the inputs/ capital goods sent for job work are not returned with in the specified time limit, the supplies made by the principal to job worker will also be deemed to be a supply. Q 4. Will activities of charitable institutions be taxable un ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rator. Bottles and the refrigerator can easily be priced and sold separately. Q 7. What is the treatment of composite supply and mixed supply under GST? Ans. Composite supply shall be treated as supply of the principal supply. Mixed supply would be treated as supply of that particular goods or services which attracts the highest rate of tax. Q 8. Are all goods and services taxable under GST? Ans. Supplies of all goods and services are taxable except alcoholic liquor for human consumption. Supply of petroleum crude, high speed diesel, motor spirit (commonly known as petrol), natural gas and aviation turbine fuel shall be taxable with effect from a future date. This date would be notified by the Government on the recommend ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion no.43/2017-Central Tax (Rate) dated 14/11/2017 notification no.11/2018-Central Tax (Rate) dated 28/05/2018 and 13/2017- Central Tax (Rate) dated 28/06/2017 as amended by notification no.33/2017-Central Tax (Rate) dated 13/10/2017 notification no.03/2018-Central Tax (Rate) dated 25/01/2018 have been issued. Similar notifications have been issued under IGST Act also. Reverse charge also applies to supplies received by a registered person from unregistered persons. However, the provision of reverse charge liability on supplies received from unregistered persons, as provided in sections 9 (4) and 5 (4) of the CGST Act and the IGST Act respectively, have been kept in abeyance till 30.09.2019. Further as the recent CGS ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... used goods, waste and scrap Central Government, State Government, Union territory or a local authority Any registered person Q 14. What will be the implications in case of receipt of supply from unregistered persons? Ans. In case of receipt of supply from an unregistered person, the registered person who is receiving goods or services shall be liable to pay tax under reverse charge mechanism. However, this provision (of reverse charge on supplies received from unregistered persons) have been kept in abeyance till 30.09.2019. Further as the recent CGST (Amendment) Act, 2018 , section 9(4) shall only be applicable for specified class of registered persons which shall be notified by the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ices have been notified for the purpose: a. services by way of transportation of passengers by a radio-taxi, motorcab, maxicab and motor cycle; b. services by way of providing accommodation in hotels, inns, guest houses, clubs, campsites or other commercial places meant for residential or lodging purposes, except where the person supplying such service through electronic commerce operator is liable for registration under section 22(1) of the CGST Act ; c. services by way of house-keeping, such as plumbing, carpentering etc., except where the person supplying such service through electronic commerce operator is liable for registration under section 22(1) of the CGST Act . - Manuals - Ready reckoner - Law and practice ..... X X X X Extracts X X X X X X X X Extracts X X X X
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