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  • How can I make payment against the liability (tax, interest, penalty and others) based on self-ascertainment of tax before issuance of SCN or within 30 days of SCN under determination of tax?
    To make payment against the liability (tax, interest & penalty) based on self-ascertainment of tax before issuance of SCN or within 30 days of SCN under determination of tax, perform following steps:

    1. Access the www.gst.gov.in URL.

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  • Q 1. What is Goods and Services 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 setoff. In a
    nutshell, only value addition

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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

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  • Q 1. What is the value of taxable supply to be
    adopted for the levy of GST?
    Ans. The value of taxable supply of goods and services shall
    ordinarily be ‘the transaction value’ which is the price paid
    or payable, when the parties are not related and price is the
    sole consideration. Section 15 of the CGST/SGST Act

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  • 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

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