Latest GST Related Questions Answered
Though GST was launched in July 2017 and is now 21-month-old but doubts, queries and issues relating to it refuse to subside. Consequently, through this article we will try to provide some clarity by taking up a few frequently asked GST online questions . How is the utilization of credits managed under the GST regime? Order of Input Tax Credit utilization has now changed, as per rules effective from February 2019, the following rules will apply – First set off Payment for Then set off IGST SGST SGST IGST CGST CGST IGST IGST CGST & SGST Does an agent or broker require registration or is the limit of 20 lacs applicable to them? GST registration online process is compulsory for assessees that make taxable supplies on behalf of other person as agents. Thus, one is mandatorily required to obtain registration irrespective of the turnover if working as an