SOME CRYING ISSUES OF GST
By: – CAPratyush Parashar
Goods and Services Tax – GST
Dated:- 20-7-2018<\/p>\n
SOME CRYING ISSUES OF GST
\nSeries 1- GST Registration
\nIntroductory edition
\nThe Baby GST has celebrated its first BDAY let's try to get the mumbling of this Baby with my best endeavor to decode the sounds which actually have the alphabets but no meaning.
\nStarting with the registration process in GST covered under Section 22 to Section 30 of the CGST Act.
\nSection 22 (1) provides “Every supplier shall be liable to be registered under this Act in the State or Union territory, other than special category States, from where he makes a taxable supply of goods or services or both, if his aggregate turnover in a financial year excee<\/p>\n
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\n * Nil rate is a rate in tax hence the supplier making Nil Rated supply is also liable for registration in spite of the fact there is no liability of GST on him. Should the NIL Rated Supply be not included in the definition of Taxable Supply for the purpose of this Section and Section 23 which deals with the situation where no registration is required?
\n * GST is a Destination Based Taxation it means the consumer state will have the right over Tax Revenue however registration process is on Origination Based. Further all the compliances related to GST has to complied with State Authority from where he is making a supply ( it is being assumed that the supplier is allotted to State Authority). This means all the expenses of GST Departm<\/p>\n
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