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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)
V Guru Govind
V Guru Govind 7 years 11 months ago

I am having business of optical retail business having turnover less than 20L. I purchase stock from inter state. Is it required to register for GST.? If yes, do I need to file the returns every month?

nitesh raju chavan_1
nitesh raju chavan 7 years 11 months ago

GST is a sunrise of new financial india.

bhidevarshab@gmail.com
Varsha Bhide 7 years 11 months ago

I have one doubt-
I am a GST registered service provider from Maharashtra. I provide services to my clients across India. When I provide services to outside state (i.e other than Maharashtra), I will charge GST @ 18% on my invoice under IGST - as the service is provided out of state. My question is whether my client (which is a bank which has jurisdiction of only that state) in other state can claim full credit of IGST charged by me? Can the bank claim credit under CGST and SGST? Please clarify

Guruprasad dv
Guruprasad dv 7 years 11 months ago

Gst g reen s ignal I ndians
G ov s ave I dea

Hitesh Sharma_64
Hitesh Sharma 7 years 11 months ago

Dear Sir kindly make some clarification for job work of textile industry.

mygov_149975892345509901
Bhanu Prakash Shukla_2
Bhanu Prakash Shukla_2 7 years 11 months ago

Its a good and bold reform to the economy of India. GST will also demoralise the tax thieves, because both, the buyer and the purchaser/reseller cannot be corrupt. The requirement of registration of both will make both liable for tax and it will force the initial seller to get registered, thus making liable for paying tax. There was one more issue with J & k State that, were not considering the State Entry Exemption certificates issued by Central Govt. If, with GST it is resolved, it will be goo

Geeta Chhikara
Geeta Chhikara 7 years 11 months ago

What is the effect of GST on land or society flat registration? If there is a change then what is the reason behind that change?

Sandipsinh A Gohil
Sandipsinh A Gohil 7 years 11 months ago

Hello sir,
Ye jo textile vale tax ke liye virodh kar rarahh he to aap jo bhi textile mai casless sell karte hai unko tax pai thodi rahat dedijye jis se vo log sayad maan jaye

Sandipsinh A Gohil
Sandipsinh A Gohil 7 years 11 months ago

Hello sir,
Sir aap Gst ke andar jo log casless selling ya bhuying karte hai unko kuch percentage mai rahat dijye jis se log jyada se jyada casless transaction karenge or tax bhi jyada milega koi objection bhi nahi lega kyu ki unka business ka sara detail mil jayega ki vo kitna selling karte hai

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