There is a provision of inspection which acts as a deterrent for tax evasion. These provisions help restricting tax evaders gain the unfair advantage over authentic tax payers.

Section 22 of the Central Goods & Services Tax (CGST) Act, 2017 specifies persons who are liable for registration under GST whereas section 24 of CGST Act 2017 specifically provides list of persons who are compulsorily required to take registration. A list of such persons liable to obtain registration under CGST Act 2017

Goods and service tax network (GSTN], the technology backbone of GST. It provides IT infrastructure and services to the Central and State Governments, taxpayers and other stakeholders for implementation of the GST.

As per sub-section 2 of section 24 of CGST Act, 2017, every person who is registered under the existing indirect tax laws, are required to migrate to the GST law on a before the appointed date.

As we know Goods and Service Tax (GST) will 100% be implemented on 01-07-2017. Here are some point which help you to understand the whole concept of GST.

If you are CS/CA/CMA and have not read much about GST reforms and want to know all about it, this is the right place, to begin with, you are at right place, we here to guide you to begin your journey of knowledge towards GST.

As per section 2(68) of the CGST Act “job work” means any treatment or process undertaken by a person on goods belonging to another registered person and the expression “job worker” shall be construed accordingly.

As soon as the GST rates were announced a huge wave of curiosity hit across industry and trade bodies. Everyone is evaluating their position whether they are benefited or losing.

GST works on a self-monitoring mechanism, which is matching the concept of invoice between supplier and recipient of goods and services. Only after matching of invoices and payment of tax by the supplier, the input tax credit will be available to the recipient.

Every transporter to maintain the records of consignor, consignee and other relevant detail of goods. Premises of transporter maybe inspected by proper officer if he is keeping goods escaping payment of tax.

In the course of Intra-State Supply (Intra-UT Supply), CGST and SGST shall be payable, these two components shall be collected and segregate by taxpayers, collect GST on the other hand in the course of Interstate transactions IGST.

The transitional provisions are made part of GST Act, to ensure a smooth and logical transition of Credits of Input Tax for taxpayers who are transforming from the existing tax regime to GST regime.

It is generally issued by the supplier notifying the purchaser of the obligation to make payment in respect of any transaction.

E-Way Bill will be required for movement of all goods, whether within the state or across states and shall be generated where value of goods exceeds Rs 50,000

GST Transition provision- section 139 of CGST Act, 2017 read with Rule 16 of GST registration, prescribes the process of migration which can be summarized in the following manner.