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MyGov - Discussion thread for GST

MyGov - Discussion thread for GST
Start Date :
Jun 30, 2017
Last Date :
Aug 16, 2017
00:00 AM IST (GMT +5.30 Hrs)
Submission Closed

With the GST coming into effect from 1st July, 2017, the biggest indirect tax reform of independent India, is going to transform the way indirect tax is administered in this ...

With the GST coming into effect from 1st July, 2017, the biggest indirect tax reform of independent India, is going to transform the way indirect tax is administered in this country, impacting not just businesses but also the common man. GST is a tax on consumption of goods and services, which is levied at all stages right from manufacturing up to final consumption, with credit of taxes paid at previous stages available as setoff. It is going to remove the tax-on-tax effect through separate Central and State tax laws. In a nutshell, under GST, only value addition will be taxed , hence, reducing the burden of tax to be borne by the final consumer.

The most fundamental change in GST besides the consolidation of multiple taxes, is the use of a robust shared IT infrastructure in its operations. All the forms related to registrations, filing returns and other related activities can now be done through the GSTN Portal.

GST will help build an economically stronger India, with 'One Nation, One Tax, One Market.'

https://cbec-gst.gov.in/ - Click here to know more about GST

Click here to read FAQs

Showing 840 Submission(s)
Anantha Padmanabha_2
Anantha Padmanabha 7 years 10 months ago

A catering firm provided the sales and service of Foods and beverages to B on B2B and in turn B sells it to customer on B2C. A charges 18% and B should charge at 12% being running restaurant services. In both the cases ITC is availed

Under GST , the benefit of tax should go to end customer and on the above arrangement , how the benefit of differential tax could be captured in Invoice. If there any such provision/mechanism or records to maintain to the satisfaction of enforcement

rajesh kumar_1402
rajesh kumar 7 years 10 months ago

I have a question that is - if a person sell product upto 20 lakh with in one year.is it necessary to register under gst.please give me information about taxes for these types of traders.

bipin_280
bipin 7 years 10 months ago

sir, I am small treader having turnover less then 50 lacks, and opting composite scheme under gst reg. and not claiming ITC. if i shell my sell my trade with enduser, are they lible to pay gst. for availing the depriciation /expense benifits under other act not gst.

Raymond Peter
Raymond Peter 7 years 10 months ago

Conceptually GST is excellent. Unfortunately those administering GST like the Sales Tax dept are barely aware, in the name of clarity more harassment by Inspectors down the line stopping vehicles and asking the basis on which the tax is levied. More efficient nodal officers to handle in grey areas is needed. More training's and continuous awareness is needed

vj1-par.acto1@apct.gov.in
hamiduddin AHMED 7 years 10 months ago

Intadaction of e -waybill advance way bill,in a model of AP Govt,implemented succesful in pre GST regime under the leadership ship of Sri Syamalaraogaru Garu ccct ap

junkman1010@gmail.com
swapnil barde 7 years 10 months ago

all tax is consider as 1 and the confusion of i c and s gst is still the same ...

suppose if i buy goods from x 1000 + 18% = 1180
then i sell at 1500 shal i have to pay the tax for 270 of my profit @ 18% =48.6 or
1500 + 18% ??

RAJAPPA THANGAVEL
RAJAPPA THANGAVEL 7 years 10 months ago

JUST ADD THIS TO THE PREVIOUS MESSAGE. TO DECLARE THE TAX INFORMATION FOR THE GOODS THE PARTICULAR ESTABLISHMENT HANDLES ONLY

RAJAPPA THANGAVEL
RAJAPPA THANGAVEL 7 years 10 months ago

AFTER THE IMPLEMENTATION OF GST SOME TRADERS ARE NOT TRANSFERING THE TAX BENEFITS TO THE CUSTOMER OR IN THE NAME OF GST CHARGING MORE. IN MY OPINION THERE IS AN EFFECTIVE WAY TO CONTAIN THIS. EACH AND EVERY BUSINESS ESTABLISHMENT SHOULD BE INSTRUCTED TO PUT A DETAILED BANNER IN THE ENTRANCE OF THE ESTABLISHMENT STATING ,THE TOTAL OLD TAX IN PERCENTAGE AND THE GST IN PERCENTAGE,SIMPLY MONITOR THE CORRECTNESS OF THE INFORMATION IN THE BANNER.OTHER THINGS THE CUSTOMER WILL TAKE CARE.

sk6236653@gmail.com
santosh kumar 7 years 10 months ago

आपदा प्रबंधन के बजट के लिये वस्तु एवं सेवा कर मे क्या ब्यवस्था हैं।

johar sureshchandra nandijna
johar sureshchandra nandijna 7 years 10 months ago

want to do retail business in a rental shop,please provide me the procedure for gst.

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