Posts Tagged: BASIC CONCEPT OF GST

FAQs ON GST (Series 4) – GST LIABILITY ON E-COMMERCE BUSINESSES

Q 1. What is e-commerce? Ans. Section 43B(d) of the MGL defines an Electronic Commerce to mean the supply or receipt of goods and/or services, or transmitting of funds...

FAQs ON GST (Series 3) – REGISTRATION UNDER GST IN INDIA

Q 1. What is advantage of taking registration in GST? Ans. Registration under Goods and Service Tax (GST) regime will confer following advantages to the business: • Legally recognized...

FAQs ON GST (Series 2) : Levy of and Exemption from GST

Q 1. Where is the power to levy GST derived from? Ans. Article 246A of the Constitution, which was introduced by the Constitution (101st Amendment) Act, 2016 confers concurrent...

FAQs ON GST (Series 1) – Overview of Goods and Services Tax (GST) in India

Q 1. What is Goods and Service Tax (GST)? Ans. It is a destination based tax on consumption of goods and services. It is proposed to be levied at...

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