Levy and Collection of CGST, SGST, IGST, UTGST. GST is levied on supply of all goods or services or both except supply of alcoholic liquor for human consumption. Five petroleum products viz. petroleum crude, motor spirit (petrol), high speed diesel, natural gas and aviation turbine fuel have temporarily been kept out and GST Council shall decide the date from which they shall be included in GST. Electricity has also been kept out of GST.
The structure provided under GST is dual in nature and under this , the Centre and the States will simultaneously levy tax on a common base. The GST levied by the Centre on intra-State supply of goods and / or services would be called the Central GST (CGST) and that levied by the States / Union territory would be called the State GST (SGST)/ UTGST. Similarly, Integrated GST (IGST) will be levied and administered by Centre on every inter-state supply of goods and services.
Levy and Collection of CESS
Under GST (Compensation to States) Act, 2017 Section 8 of GST (Compensation to States) Act, 2017 forms the basis for levy and collection of cess which will be levied on for the purposes of providing compensation to the States for loss of revenue arising on account of implementation of the goods and services tax with effect from the date from which the provisions of the Central Goods and Services Tax Act were brought into force. The cess is levied on:- such intra-State supplies of goods or services or both, as provided for in section 9 of the Central Goods and Services Tax Act, and
- such inter State supplies of goods or services or both as provided for in section 5 of the Integrated Goods and Services Tax Act
Levy and Collection of CGST, SGST, IGST, UTGST
A tax called the Central Goods and Services Tax (CGST)/ Union Territory Goods and Services Tax (UTGST)/ State Goods and Services Tax (SGST)shall be levied on all intra-State supplies of goods or services or both and shall be collected in such manner as may be prescribed and shall be paid by the taxable person. However, intra-State supply of alcoholic liquor for human consumption is outside the purview of CGST/UTGST/SGST.- petroleum crude
- high speed diesel
- motor spirit (commonly known as petrol)
- natural gas and
- aviation turbine fuel
Reverse charge - Tax payable by recipient of supply of goods or services or both
CGST/UTGST/SGST/IGST shall be paid by the recipient of goods or services or both, on reverse charge basis, in the following cases:- Supply of goods or services or both, notified by the Government on the recommendations of the GST Council.
- Supply of taxable goods or services or both by an unregistered supplier to a registered person
Tax payable by the electronic commerce operator on notified services
The Government may notify specific categories of services the tax on intra-State supplies (inter-State supplies in case of IGST) of which shall be paid by the electronic commerce operator (ECO) if such services are supplied through it. Such services shall be notified on the recommendations of the GST Council.
- When will GST be applicable
- GST Definition, Objective, Framework
- Supply of Goods to Job Worker under GST
- Filing of GST Returns
- Returns Under GST
- GST Current Tax Structure and proposed
- Expected Scheme of GST
- GST Registration
- GST Rates
- Reverse Charge under GST