GST, Frequently asked questions (Goods and Service Tax)

 

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.

 GST 1

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

Find HSN number or Service tariff code for GST

GST registration guidelines

Indian GST Laws

How to export your goods?

How to export goods from India?

How to get Export Order?

Export benefit schemes in India

Export procedures and documentation 

Difference between CGST and CST

Difference between IGST and CENVAT

Difference between IGST and Central Excise Tax

Difference between IGST and VAT

Difference between IGST and CST

Distinguish between GST and CENVAT

Distinguish between GST and Central Excise Tax

Difference between GST and VAT

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Difference between CST and CENVAT

How to distinguish between Central Excise Tax and CST

Difference between CST and VAT

Difference between SGST and CENVAT

Difference between SGST and Central Excise Tax

Difference between SGST and CST

Difference between SGST and VAT

Difference between CGST and CENVAT

Difference between CGST and Central Excise Tax

Difference between CGST and VAT

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




Comments


gulab: sir Have the entry barrier or icc dismantel in gst or sgst

Kiran Patil: What are the rates according to SGST, CGST and IGST,? if one rate then we need to show byfarcation in return or what?

Srinivas Sunkara: What would be the impact on imports of CBU CARS

P U Buch: As per announcement Price will be same even it is sold in Delhi or Darjiling, Jammu or Junagadh Mumbai or Maliya then the payment structure can change or not as now a days many Govt. employees getting Special allowance in Cosmopolitan Cities ???

Anubhav jain: I have a question regarding gst on rice. Whether rice will come under gst or not?

Sameer Agnihotri: Hi, I have a few shipments which are in custom clearance and i am planning to receive them in plant after 1st July. will i get complete cenvat credit or there will be some deduction.

chandrashekhar chincholikar: we are Importing the raw material Base Oil in Bulk qty. & store in VVF customes storage location. there is two storage location one is duty paid & another is non duty paid storage location. we are paying excise & customes duty address to our factory silvassa (Dadra & Nagar Haveli)& store the material in dutypaid location in vvf store area. & we are transfering the material to our factory silvassa as & when required by factory. now we are not register vvf storage location in GST migration as a additional place of business & vvf location also not register in our IEC code. now post gst what is impact on transfer of goods from vvf mumbai to factory silvassa?. how can we get import credit in trainsitional provision which is lying with vvf storage area. after post gst under which document we will transfer the goods from vvf mumbai to factory silvassa.

Nikunj pathak: Is CGST & SGST rate 50% of IGSt? or Different Trading Scenario will be there in GST or not? What will Branch Price for Finish Goods , is it same as Rule 7 in Excise ?

vijaysimha: Do we get input credits of IGST on Imports?

Umeshpailkar: Sir I have a query about GST

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