Category: GST

How to claim Refunds Under GST Regime

How to claim Refunds Under GST Regime Q 1. What is the refund? Ans. Refund has been discussed in section 38 of the MGL.Refund” includes refund of tax on goods and/or services exported out of India or on inputs or input services used in the goods and/or services which are exported out of India, or refund of tax […]

Job Work Under GST regime

Job Work Under GST regime Q 1. What is job-work? Ans. Section 2(62) of the MGL provides that “job-work” means undertaking any treatment or process by a person on goods belonging to another registered taxable person and the expression “job-worker” shall be construed accordingly. This definition is much wider than the one given in Notification No. 214/86 – CE […]

Electronic Commerce Operator under GST

Electronic Commerce Operator under GST 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 or data, over an electronic network, primarily the internet, by using any of the applications that rely on the internet, like but not limited to […]

Overview of Goods and Services Tax (GST) with answers

Overview of Goods and Services Tax (GST). 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 all stages right from manufacture up to final consumption with credit of taxes paid at previous stages available as the setoff. In a nutshell, […]

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