In pursuance of any assessment or adjudication proceedings instituted, after the appointed day, under the existing law, an amount of tax, interest, fine or penalty becomes refundable. Shall such amount be refundable under the GST law?

In pursuance of any assessment or adjudication proceedings instituted, after the appointed day, under the existing law, an amount of tax, interest, fine or penalty becomes refundable. Shall such amount be refundable under the GST law?
Question 23
Bill
Transitional Provisions
Faq On GST (2nd Edition) Dated 31.3.2017
Q 23. In pursuance of any assessment or adjudication proceedings instituted, after the appointed day, under the existing law, an amount of tax, interest, fine or pen

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Tax on a particular supply of goods/services is leviable under the existing law. Will GST be also payable if the actual supply is made in GST regime?

Tax on a particular supply of goods/services is leviable under the existing law. Will GST be also payable if the actual supply is made in GST regime?
Question 22
Bill
Transitional Provisions
Faq On GST (2nd Edition) Dated 31.3.2017
Q 22. Tax on a particular supply of goods/services is leviable under the existing law. Will GST be also payable if the actual supply is made in GST regime?
Ans. No tax will be payable on such supply of goods/services under GST to the extent the tax

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If any goods or services are supplied in GST, in pursuance of contract entered under existing law, which tax will be payable?

If any goods or services are supplied in GST, in pursuance of contract entered under existing law, which tax will be payable?
Question 21
Bill
Transitional Provisions
Faq On GST (2nd Edition) Dated 31.3.2017
Q 21. If any goods or services are supplied in GST, in pursuance of contract entered under existing law, which tax will be payable?
Ans. GST will be payable on such supplies- section 142(10) of the CGST Act.
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Statute, statutory provisions legislation, law, enactment

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How shall the refund arising from revision of return(s) furnished under the existing law be dealt in GST?

How shall the refund arising from revision of return(s) furnished under the existing law be dealt in GST?
Question 20
Bill
Transitional Provisions
Faq On GST (2nd Edition) Dated 31.3.2017
Q 20. How shall the refund arising from revision of return(s) furnished under the existing law be dealt in GST?
Ans. Any amount found to be refundable as a consequence of revision of any return under the existing law after the appointed day will be refunded in cash in accordance with the pro

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If the appellate or revisional order goes in favour of the assessee, whether refund will be made in GST? What will happen if the decision goes against the assessee?

If the appellate or revisional order goes in favour of the assessee, whether refund will be made in GST? What will happen if the decision goes against the assessee?
Question 19
Bill
Transitional Provisions
Faq On GST (2nd Edition) Dated 31.3.2017
Q 19. If the appellate or revisional order goes in favour of the assessee, whether refund will be made in GST? What will happen if the decision goes against the assessee?
Ans. The refund will be made in accordance with the provisions

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What will be fate of any appeal or revision relating to a claim of CENVAT/ITC on VAT which is pending under the existing law? If say, it relates to output liability then?

What will be fate of any appeal or revision relating to a claim of CENVAT/ITC on VAT which is pending under the existing law? If say, it relates to output liability then?
Question 18
Bill
Transitional Provisions
Faq On GST (2nd Edition) Dated 31.3.2017
Q 18. What will be fate of any appeal or revision relating to a claim of CENVAT/ITC on VAT which is pending under the existing law? If say, it relates to output liability then?
Ans. Every proceeding of appeal, revision, review o

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What is the time limit for issue of debit/credit note(s) for revision of prices?

What is the time limit for issue of debit/credit note(s) for revision of prices?
Question 16
Bill
Transitional Provisions
Faq On GST (2nd Edition) Dated 31.3.2017
Q 16. What is the time limit for issue of debit/credit note(s) for revision of prices?
Ans. The taxable person may issue the debit/credit note(s) or a supplementary invoice within 30 days of the price revision.
In case where the price is revised downwards the taxable person will be allowed to reduce his tax liabil

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When tax shall become payable in GST on manufactured goods sent to a Job worker for carrying out tests or any other process not amounting to manufacture under the existing law?

When tax shall become payable in GST on manufactured goods sent to a Job worker for carrying out tests or any other process not amounting to manufacture under the existing law?
Question 14
Bill
Transitional Provisions
Faq On GST (2nd Edition) Dated 31.3.2017
Q 14. When tax shall become payable in GST on manufactured goods sent to a Job worker for carrying out tests or any other process not amounting to manufacture under the existing law?
Ans. Tax will be payable in GST on man

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If finished goods removed from a factory for carrying out certain processes under existing law are returned on or after the appointed day, whether GST would be payable?

If finished goods removed from a factory for carrying out certain processes under existing law are returned on or after the appointed day, whether GST would be payable?
Question 13
Bill
Transitional Provisions
Faq On GST (2nd Edition) Dated 31.3.2017
Q 13. If finished goods removed from a factory for carrying out certain processes under existing law are returned on or after the appointed day, whether GST would be payable?
Ans. No tax under GST will be payable if finished good

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Can a manufacturer transfer have finished goods sent for testing purpose to the premises of any other taxable person?

Can a manufacturer transfer have finished goods sent for testing purpose to the premises of any other taxable person?
Question 12
Bill
Transitional Provisions
Faq On GST (2nd Edition) Dated 31.3.2017
Q 12. Can a manufacturer transfer have finished goods sent for testing purpose to the premises of any other taxable person?
Ans. Yes, a manufacturer can transfer finished goods sent for testing purpose to the premise of any other registered person on payment of tax in India or wi

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What happens if the job worker does not return the goods within the specified time?

What happens if the job worker does not return the goods within the specified time?
Question 11
Bill
Transitional Provisions
Faq On GST (2nd Edition) Dated 31.3.2017
Q 11. What happens if the job worker does not return the goods within the specified time?
Ans. Tax will be payable by the job worker on the said goods if they are not returned to the place of business of the manufacturer within six months (or within the extended period of maximum two months) from the appointed da

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Shall a manufacturer or a job worker become liable to pay tax if the inputs or semi-finished goods sent for job work under the existing law are returned after completion of job work after the appointed day?

Shall a manufacturer or a job worker become liable to pay tax if the inputs or semi-finished goods sent for job work under the existing law are returned after completion of job work after the appointed day?
Question 10
Bill
Transitional Provisions
Faq On GST (2nd Edition) Dated 31.3.2017
Q 10. Shall a manufacturer or a job worker become liable to pay tax if the inputs or semi-finished goods sent for job work under the existing law are returned after completion of job work after

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Sales return under CST (i.e. Central Sales Tax Act) is allowable as deduction from the turnover within six months? If, say, goods are returned in GST regime by a buyer within six months from appointed day, will it become taxable in GST?

Sales return under CST (i.e. Central Sales Tax Act) is allowable as deduction from the turnover within six months? If, say, goods are returned in GST regime by a buyer within six months from appointed day, will it become taxable in GST?
Question 9
Bill
Transitional Provisions
Faq On GST (2nd Edition) Dated 31.3.2017
Q 9. Sales return under CST (i.e. Central Sales Tax Act) is allowable as deduction from the turnover within six months? If, say, goods are returned in GST regime by

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A registered person has excess ITC of 10, 000/- in his last VAT return for the period immediately preceding the appointed day. Under GST he opts for composition scheme. Can he carry forward the aforesaid excess ITC to GST?

A registered person has excess ITC of 10, 000/- in his last VAT return for the period immediately preceding the appointed day. Under GST he opts for composition scheme. Can he carry forward the aforesaid excess ITC to GST?
Question 8
Bill
Transitional Provisions
Faq On GST (2nd Edition) Dated 31.3.2017
Q 8. A registered person has excess ITC of ₹ 10, 000/- in his last VAT return for the period immediately preceding the appointed day. Under GST he opts for composition sche

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Will ITC be allowed to a service provider on VAT paid inputs held as stock on the appointed day?

Will ITC be allowed to a service provider on VAT paid inputs held as stock on the appointed day?
Question 7
Bill
Transitional Provisions
Faq On GST (2nd Edition) Dated 31.3.2017
Q 7. Will ITC be allowed to a service provider on VAT paid inputs held as stock on the appointed day?
Ans. Yes, he will be entitled to input tax credit on inputs held in stock in accordance with the provisions of section 140(3).
–
Statute, statutory provisions legislation, law, enactment, Acts,

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Give two examples of registered taxable persons who are not liable to be registered under the existing law (Central Excise / VAT) but are required to be registered under GST?

Give two examples of registered taxable persons who are not liable to be registered under the existing law (Central Excise / VAT) but are required to be registered under GST?
Question 6
Bill
Transitional Provisions
Faq On GST (2nd Edition) Dated 31.3.2017
Q 6. Give two examples of registered taxable persons who are not liable to be registered under the existing law (Central Excise / VAT) but are required to be registered under GST?
Ans. A manufacturer having a turnover of say

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Assuming the registered person has wrongly enjoyed the credit (Refer to Q4) under the existing law, will the recovery be done under the GST Law or the existing law?

Assuming the registered person has wrongly enjoyed the credit (Refer to Q4) under the existing law, will the recovery be done under the GST Law or the existing law?
Question 5
Bill
Transitional Provisions
Faq On GST (2nd Edition) Dated 31.3.2017
Q 5. Assuming the registered person has wrongly enjoyed the credit (Refer to Q4) under the existing law, will the recovery be done under the GST Law or the existing law?
Ans. The recovery relating to ITC wrongfully enjoyed, unless rec

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VAT credit was not available on items 'X' & 'Y' as capital goods in the existing law (Central Excise). Since they are covered in GST, can the registered taxable person claim it now?

VAT credit was not available on items 'X' & 'Y' as capital goods in the existing law (Central Excise). Since they are covered in GST, can the registered taxable person claim it now?
Question 4
Bill
Transitional Provisions
Faq On GST (2nd Edition) Dated 31.3.2017
Q 4. VAT credit was not available on items 'X' & 'Y' as capital goods in the existing law (Central Excise). Since they are covered in GST, can the registered taxable person claim it now?
Ans. He will b

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A registered person, say, purchases capital goods under the existing law (Central Excise) in the June quarter of 2017-18. Though the invoice has been received within 30th June but the capital goods are received on 5th July, 2017 (i.e. in GST reg

A registered person, say, purchases capital goods under the existing law (Central Excise) in the June quarter of 2017-18. Though the invoice has been received within 30th June but the capital goods are received on 5th July, 2017 (i.e. in GST regime). Will such a person get full credit of CENVAT in GST regime?
Question 3
Bill
Transitional Provisions
Faq On GST (2nd Edition) Dated 31.3.2017
Q 3. A registered person, say, purchases capital goods under the existing law (Central Exc

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What are those conditions?

What are those conditions?
Question 2
Bill
Transitional Provisions
Faq On GST (2nd Edition) Dated 31.3.2017
Q 2. What are those conditions?
Ans. The conditions are that: –
(i) the said amount of credit is admissible as input tax credit under this Act;
(ii) the registered person has furnished all the returns required under the existing law (i.e. Central Excise and VAT) for the period of six months immediately preceding the appointed date;
(iii) the said amount of credit do

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Will CENVAT credit (or VAT credit) carried forward in the last return prior to GST under existing law be available as ITC under GST?

Will CENVAT credit (or VAT credit) carried forward in the last return prior to GST under existing law be available as ITC under GST?
Question 1
Bill
Transitional Provisions
Faq On GST (2nd Edition) Dated 31.3.2017
24. Transitional Provisions
Q 1. Will CENVAT credit (or VAT credit) carried forward in the last return prior to GST under existing law be available as ITC under GST?
Ans. A registered person, other than a person opting to pay tax under composition scheme, shall be

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What are the security measures being taken by GSTN to ensure security of the GST system?

What are the security measures being taken by GSTN to ensure security of the GST system?
Question 25
Bill
GSTN and Frontend Business Process on GST Portal
Faq On GST (2nd Edition) Dated 31.3.2017
Q 25. What are the security measures being taken by GSTN to ensure security of the GST system?
Ans. GST Systems project has incorporated state of art security framework for data and service security. Besides high end firewalls, intrusion detection, data encryption at rest as well as

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Will the return and registration data furnished by the taxpayers on the GST Common Portal will remain Confidential?

Will the return and registration data furnished by the taxpayers on the GST Common Portal will remain Confidential?
Question 24
Bill
GSTN and Frontend Business Process on GST Portal
Faq On GST (2nd Edition) Dated 31.3.2017
Q 24. Will the return and registration data furnished by the taxpayers on the GST Common Portal will remain Confidential?
Ans. Yes, all steps are being taken by GSTN to ensure the confidentiality of personal and business information furnished by the taxpaye

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