Updated By: Expertmile Admin

What are Transitional Provisions? Answer As per the transitional provisions of CGST/ SGST/ UTGST Act, registered person can take credit of taxes or duties paid under existing State or Central laws, like Value Added Tax Act, Central Excise Act and Service Tax laws...

Updated By: Expertmile Admin

 What is RBI’s role in Goods and Service Tax regime? Answer The tax payer access the GST portal and generate e-challan. The GST portal gives a unique number called Common Portal Identification Number (CPIN). The tax payer can effect payment...

Updated By: Expertmile Admin

As per Section 54 (3) of the CGST Act, 2017, it is clear that no refund of ITC will be available for export in the cases where product is subject to export duty. Iron Ore export is subjected to export duty. In the earlier regime, the exporters were allowed to take refund of service tax paid on ex...

Updated By: Expertmile Admin

A person registered under existing law (Central Excise/Service Tax/VAT) and who has been granted registration on a provisional basis wants to opt\ for composition scheme. How and when can he do that? Answer Such a person has to electronically file a duly signed/verified intimation...

Updated By: Expertmile Admin

How will GST benefit the Trading Community? Answer Under GST, a trader would be entitled to avail input tax credit paid on their domestic procurements of goods and services unlike the present indirect tax regime. Presently, a significant portion of indirect taxes namely Central Ex...

Updated By: Expertmile Admin

When service tax was paid on or before 30th June, 2017 for the services to be provided, but subsequently not provided, whether refund claim can be made underSection 142(5) of the CGST Act? Answer Section 142(5) of the CGST Act, 2017 specifically provides for refund of tax pa...

Updated By: Expertmile Admin

As per GST Act,2017, what will be the time of supply in respect of services rendered upto 30th June, 2017 where the invoices are raised or payments are received after 30th June, 2017? Answer Where the services are rendered upto 30th June, 2017 and invoices in  respect there o...

Updated By: RUBINA DSOUZA

Definition of Aggregate turnover in accordance to GST Section 2 (6) Aggregate turnover: Means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of good...

Updated By: Expertmile Admin

What are the charges to be paid while submitting the 'Form for Changes or Correction in TAN data for TAN allotted'? Answer One has to pay 55 +( Goods and Service Tax, as applicable) to NSDL e-Gov/TIN-FC as processing fees while submitting application at the TIN-FC or making online...

Updated By: Expertmile Admin

What fee is to be paid while submitting the TAN application? Answer A fee of 55 + Goods and Service tax (as applicable) should be paid as processing fee at the TIN-FC at the time of submitting Form 49B. "Income tax India"