Overview of Goods and Services Tax (GST)

Q 1. What is Goods and Service Tax (GST)?

Q 2. What exactly is the concept of destination based tax on consumption?

Q 3. Which of the existing taxes are proposed to be subsumed under GST?

Q 4. What principles were adopted for subsuming.

Q 5. Which are the commodities proposed to be kept outside the purview of GST?

Q 6. What will be the status in respect of taxation of above commodities after introduction of GST?

Q 6A. What will be status of Tobacco and Tobacco products under the GST regime?

Q 7. What type of GST is proposed to be implemented?

Q 8. Why is Dual GST required?

Q 9. Which authority will levy and administer GST?

Q 10. Why was the Constitution of India amended recently in the context of GST?

Q 11. How a particular transaction of goods and services would be taxed simultaneously under Central GST (CGST) and State GST (SGST)?

Q 12. What are the benefits which the Country will accrue from GST?

Q 13. What is IGST?

Q 14. Who will decide rates for levy of GST?

Q 15. What would be the role of GST Council?

Q 16. What is the guiding principle of GST Council?

Q 17. How will decisions be taken by GST Council?

Q 18. Who is liable to pay GST under the proposed GST regime?

Q 19. What are the benefits available to small tax payers under the GST regime?

Q 20. How will the goods and services be classified under GST regime?

Q 21. How will imports be taxed under GST?

Q 22. How will Exports be treated under GST?

Q 23. What is the scope of composition scheme under GST?

Q 25. What is GSTN and its role in the GST regime?

Q 26. How are the disputes going to be resolved under the GST regime?

Q 27. What are the other legislative requirements for introduction of the GST?

2 Replies to “Overview of Goods and Services Tax (GST)”


      Natural rubber 5% tax slab

      Latex Rubber 12% tax slab

      Synthetic rubber 18% tax slab

      rubber used in motor cars 28% tax slab

Leave a Reply

Your email address will not be published. Required fields are marked *