ॐ असतो मा सद्गमय
No, GST will not be levied on alcohol for human consumption. GST on Crude, Motor Spirit (Petrol), High Speed Diesel, Aviation Turbine Fuel and Natural Gas will be levied with effect from a date to be decided by the GST Council.
Electricity and sale of land and building are exempted from levy of GST. Securities are neither goods nor services for the purposes of the CGST Act, 2017 and therefore supply of securities is not taxable.
(FAQ 3; MSME)
GST is levied on all types of supplies which are – (i) made for a consideration and (ii) are for the purpose of furtherance of business. There are some exceptions when these conditions are not met, yet supply is considered to have been made, for example, interstate stock transfer of goods even without consideration or importation of services even if not in the furtherance of business.
(FAQ 2: MSME)
GST stands for Goods and Services Tax, which is levied on supply of goods or services. “Supply” is a legal term which has very broad sweep and various types of economic activities are covered by it. For example, sale of goods is a type of supply.
(FAQ 1 : MSME)
The refund of ITC credit is not admissible in view of the second proviso to section 54(3) of the CGST Act, 2017.
(FAQ 50: MINING)
Credit will not be available if these goods are supplied for construction of an immovable property. But if these are temporarily placed for protective purposes, credit will be available.
(FAQ 49: MINING)
HSD is outside GST and therefore, input tax credit would not be admissible.
(FAQ 48: MINING)
Chapter 68 covers value added articles of sandstone etc. which are further worked other than by way of roughly trimmed or merely cut into blocks or slabs.
(FAQ 47: MINING)
ITC will not be available as railway siding is not plant and machinery as defined in section 17 of the CGST Act, 2017.
(FAQ 46: MINING)
If tax rate is not determinable, the tax rate may be determined and paid on the amount of advance at 18%.
(FAQ 45: MINING)
Such supplies are in the nature of continuous supply as the invoices are raised periodically. The individual dispatches may be covered under delivery challans and invoice may be issued for the supplies made during a period as per the contract.
(FAQ 44: MINING)