Frequently asked questions on GST covering Frontend business process on GST Portal and Transitional Provision released by Union Finance Minister.

Finance Minister Shri Arun Jaitley released e-booklet on FAQ’s related to Goods and service Tax (GST).

The 276 pages booklet answered 500 questions on 24 topics including overview of goods and service Tax (GST), Levy of and exemption of tax, registration etc.

It clarifies that where the person operates in different states ,then he will have to get registered separately for each of the states where he has a business operation.

It also clarifies that the Transitional Provisions.  It clarifies that CENVAT/ITC carried forward in the last return prior to GST under earlier law will be available as ITC under GST.

It also provides detail definition of e-commerce operators .It clarifies with example that Amazon and Flipkart are e-commerce Operators because they are facilitating actual suppliers to supply goods through their platform (popularly called Market place model or Fulfilment Model).

However, Titan supplying watches and jewels through its own website would not be considered as an e-commerce operator for the purposes of this provision. Similarly Amazon and Flipkart will not be treated as e-commerce operators in relation to those supplies which they make on their own account (popularly called inventory Model).

It also clarifies that it mandatory for e-commerce operator to obtain registration under GST without any threshold exemption limit.

It also explains that aggregator like ola cab would also require to registered under GST without any threshold limit.

Detail FAQ on GST