Q 14. What is IGST?

Ans. Under the GST regime, an Integrated GST (IGST) would be levied and collected by the Centre on inter-State supply of goods and services....

Q 11. Why was the Constitution of India amended recently in the context of...

Currently, the fiscal powers between the Centre and the States are clearly demarcated in the Constitution with almost no overlap between the respective domains....

Q 108. Whether Works contracts and Catering services will be treated as supply...

Ans. Works contract and catering services shall be treated as supply of service as specified in Schedule-II of MGL.113

Q 10. Which authority will levy and administer GST?

Ans. Centre will levy and administer CGST & IGST while  respective states will levy and administer SGST.77

Q 9. Why is Dual GST required?

Ans.  India is a federal country where both the Centre and  the States have been assigned the powers to levy and collect  taxes through...

Q 8. What type of GST is proposed to be implemented?

Ans. It would be a dual GST with the Centre and States simultaneously levying it on a common tax base. The GST to be...

Q 54. Who are the persons liable to take a Registration under the Model...

Ans. Any  supplier  who  carries  on  any  business  at  any place in India and whose aggregate turnover exceeds threshold limit as prescribed in a...

Q 5. Which are the commodities proposed to be kept outside the purview...

Ans. Alcohol for human consumption, Petroleum  Products viz. petroleum crude, motor spirit (petrol), high speed diesel, natural gas and aviation turbine fuel & Electricity.65

Q 53. What will be the effective date of registration?

Ans. Where the application for registration has been submitted within thirty days from the date on which the person becomes liable to registration, the...

Q 165. Is it mandatory for e-commerce operator to obtain registration?

Ans.   Yes. Section 19 r/w Schedule-III of the MGL, provides that the threshold exemption is not available to e-commerce operators and they would be...

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