What is Goods and Service Tax (GST)
GST, frequently asked Questions
GST, Frequently asked questions (Goods and Service Tax)
What is CGST?
Central Goods and Service Tax is called CGST.
What is SGST?
SGST means State Goods and Service Tax
What is IGST?
IGST means Integrated Goods and Service Tax
Who collects IGST?
IGST is collected by Centre.
Import of goods to India is treated as IGST, CGST or SGST?
Import to India falls under IGST.
Who decides the rate for CGST, SGST and IGST?
The rate is mutually agreed up on by the central and state government under the AEIGIS of GST council.
Is GST applicable for all goods?
GST is applicable to all goods and services except Alcohol for human consumption.
What about the GST on petroleum products?
GST on petroleum products would be applicable from a date to be recommended by the Goods and Services Tax Council.
How does GST applicable for Tobacco and tobacco products?
Tobacco and tobacco products would be subject to GST. In addition, the Centre could continue to levy Central Excise duty.
Should GST be paid for all goods and services?
There is exemption on goods and services, the list of exempted goods and services would be kept to a minimum and it would be harmonized for the Centre and the States as far as possible.
What is the rate of GST for exports?
GST for exports would be zero rated.
Can Input Tax credit of CGST paid on inputs be used for paying SGST?
No. Input Tax Credit of CGST paid on inputs can be used for paying CGST and IGST
Can Input Tax credit of SGST paid on inputs be used for paying CGST?
No. Input Tax Credit of SGST paid on inputs can be used for paying SGST and IGST.
Can Input Tax Credit of IGST paid on inputs be used for paying IGST, CGST & SGST.
Yes, Input Tax Credit of IGST paid on inputs be used for paying IGST, CGST & SGST.
Is Input Tax Credit of Additional Tax permitted?
No. ITC of Additional Tax would not be permitted.
How do SGST and IGST settle?
Accounts are settled periodically between the Centre and the State to ensure that the SGST used for payment of IGST is transferred by the Centre to the Destination State where the goods or services are eventually consumed. Similarly the IGST used for payment of SGST would be transferred by the originating State to the Centre.
Who has power to levy tax on the manufacture of goods?
Centre has the power to levy tax on the manufacture of goods.
Does the centre has the power to levey tax on all manufacture of goods?
Centre has the power to levy tax on the manufacture of goods except alcoholic liquor for human consumption, opium, narcotics etc.
Who has the power to levy tax on sale of goods?
The states have the power to levy tax on sale of goods.
Who has power to levy tax in the case of Inter State sales (IGST)?
The centre has the power to levy tax in case of Inter State Sales?
What is the role of originating state in terms of Inter State Sales (IGST)?
The respective originating state collects and retains IGST entirely.
How does GST work on imports and exports?
The centre impose and collects additional duties of customs in addition to basic customs duty which counterbalances sales tax, state VAT, excise duties and other taxes.
Does tobacco and tobacco products attract excise duty in addition to GST?
Yes. Tobacco and tobacco products attract excise duty in addition to GST.
Click here to know GST rate on Goods and Services
GST Exemption list of goods and services
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Indian GST Laws
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Difference between IGST and Central Excise Tax
Difference between IGST and VAT
Difference between IGST and CST
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Nil tariff of GST on sale and purchase of Cereal grains hulled
Chopped GST payable rate on Cereal grains hulled
No need to pay GST on Soya beans
Nil tariff GST on purchase of broken soya beans
No GST on sale of Poppy seeds
Zero percentage GST on Groundnuts, whether or not shelled or broken
Nil rate of GST on sale of Groundnuts, not roasted or otherwise cooked
Exempted GST on purchase of Linseed
Nil rate tariff GST on purchase of Rape or colza seeds
Zero rate of GST on Sunflower seeds
Nil rate tariff GST on purchase of Saffower or Carthamustinctorius seeds
Waived GST on sale of Palm nuts and kernels