GST - FAQ - Chapter wise / Question Wise

As part of this capacity building exercise, the NACEN has prepared a compilation of Frequently Asked Questions (FAQ) based on inputs gathered while conducting training and interactive sessions, as a training tool for helping the officers as well as public, to get acquainted with the Model  GST Law and its nuances.  The FAQs have been prepared and reviewed by a team of officials from both Centre and  States.

Najib Shah

Chairman, CBEC

 

 

This FAQ on GST compiled by NACEN and vetted by the Source Trainers is based on the draft Model GST Law released in pub-lic domain in June, 2016. This FAQ is for training and academic purposes only.

The  information  in  this  booklet  is  intended  only  to  provide  a general overview and is not intended to be treated as legal ad-vice or opinion. For greater details, you are requested to refer to the model GST law.

Goods and Services Tax: dual CGST/SGST structure, IGST for inter state, ITC framework and GSTN portal operations. The FAQ explains GST as a destination based tax on supply of goods and services under a dual CGST/SGST structure with IGST for inter state trade, details registration and composition rules, defines time and valuation of supply and reverse charge, sets ITC principles and e payment/ledger mechanisms, and describes the GSTN based IT ecosystem for registration, returns, payment, IGST settlement and matching of inward/outward supplies; it also sets out audit, assessment, refund and transitional provisions for migration from earlier indirect tax regimes.