The Union Finance Minister Shri Arun Jaitley released here today a Booklet containing Frequently Asked Questions (FAQs) relating to Goods and Services Tax (GST). Speaking on the occasion, the Finance Minister Shri Jaitley lauded the efforts of the officials associated in the preparation of the booklet. He complimented Central Board of Excise and Customs (CBEC) for taking the initiative in getting the compilation done on a short notice. He hoped that the compilation would serve as a useful guide for the officers as well as trade and industry
The FAQ compilation covers broadly 24 topics with Chapters on Registration, Valuation, Input Tax Credit, Assessment, Audit, Refund, Demand and Recovery, Appeals, Advance Ruling, Offence and Penalties etc.
The FAQ will serve as a training tool for helping the officers as well as public, to get acquainted with the Model GST law and its nuances.
The compilation is also available on CBEC website.
The journey to roll-out the Goods and Services Tax (GST) has commenced with the enactment of the 101st Constitution Amendment Act, 2016 on 8th September, 2016 and the subsequent notifications. The GST is a new fiscal law and it is necessary that tax officers and the trade are suitably aware of the law. In this backdrop, CBEC as a part of capacity building exercise has prepared a compilation of FAQ on GST.
As per FAQ Compilation, the Government is keen on introducing GST the biggest indirect tax reform, with effect from 01 April 2017.
GST FAQ Compilation covers 24 chapters/topics and consist of a total of 509 FAQ as under:
|
Sl No. |
Topic/Chapters |
Number of FAQ |
| 1 | Overview of Goods and Services Tax (GST) | 27 |
| 2 | Levy of and Exemption from Tax | 22 |
| 3 | Registration | 43 |
| 4 | Meaning and Scope of Supply | 16 |
| 5 | Time of Supply | 14 |
| 6 | Valuation in GST | 13 |
| 7 | GST Payment of Tax | 26 |
| 8 | Electronic Commerce | 14 |
| 9 | Job Work | 9 |
| 10 | Input Tax Credit | 32 |
| 11 | Concept of Input Service Distributor in GST | 17 |
| 12 | Returns Process and matching of Input Tax Credit | 23 |
| 13 | Assessment and Audit | 27 |
| 14 | Refunds | 20 |
| 15 | Demands and Recovery | 20 |
| 16 | Appeals, Review and Revision in GST | 23 |
| 17 | Advance Ruling | 15 |
| 18 | Settlement Commission | 14 |
| 19 | Inspection, Search, Seizure and Arrest | 33 |
| 20 | Offences and Penalties, Prosecution and Compounding | 26 |
| 21 | Overview of the IGST Act | 9 |
| 22 | Place of Supply of Goods and Service | 18 |
| 23 | Frontend Business Process on GST Portal | 23 |
| 24 | Transitional Provisions | 25 |
|
Total Number of FAQ |
509 |
GST FAQ Compilation by CBEC Download Click Here >>
Penalty u/s 271B for unfilled column 40 in Form 3CD related to details regarding turnover, gross profit etc. for previous…
Merely rectifying computation without amending assessment order without notice to assessee does not nullify the entire assessment - ITAT In…
Once assessee discharges primary onus of providing basic documents in support of the identity, genuineness and the creditworthiness it shifts…
CBDT has notified Cost Inflation Index for Financial Year / Tax Year 2026-27 CBDT has notified "384" as Cost Inflation…
Power of CIT(A) under section 251(1)(a) to remand case could be exercised only when the assessment is passed u/s 144…
ICAI (Global Networking) Guidelines, 2025 kept in abeyance In February 2026, ICAI had issued ICAI (Global Networking) Guidelines 2025 to…