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  • 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 powers to both, Parliament and
    State Legislatures to make laws with respect to GST i. e.
    central tax (CGST) and state tax (SGST) or union territory

    ...
  • Q 1. What are the Payments to be made in GST
    regime?
    Ans. In the GST regime, for any intra-state supply, taxes to
    be paid are the Central GST (CGST), going into the account
    of the Central Government) and the State/UT GST (SGST,
    going into the account of the concerned State Government).
    For any

    ...
  • Q 1. What is Electronic Commerce?
    Ans. Electronic Commerce has been defined to mean the
    supply o f goods or services or both, including digital
    products over digital or electronic network.


    Q 2. Who is an e-commerce operator?
    Ans. Electronic Commerce Operator has been defined to
    mean any person

    ...
  • Q 1. What is the purpose of returns?
    Ans.
    a) Mode for transfer of information to tax administration;
    b) Compliance verification program of tax
    administration;
    c) Finalization of the tax liabilities of the taxpayer within stipulated period of limitation; to declare tax liability for a given period;
    d)

    ...
  • Q 1. What is refund?
    Ans. Refund has been discussed in section 54 of the CGST/SGST Act.
    “Refund” includes
    (a) any balance amount in the electronic cash ledger so claimed in the returns,
    (b) any unutilized input tax credit in respect of (i) zero rated supplies made without payment of tax or, (ii) where the credit has accumulated on account of rate

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