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gst tax

GST stands for Goods and Services Tax. Some times People called as GST Tax.

Ekvij provides Mock tests in GST Tax for preparing CA Inter, CA IPCC, CA Final, CS executive, CS Professional, CMA Inter, CMA Final, GST practitioner exam and competitive exams.

GST was first levied by France in 1954.

GST is a destination based tax levied on the basis of the Destination principle.

GST collected on value-added at each stage of the supply chain.

GST is technically paid by suppliers but it is actually funded by consumers

Under GST, input tax credit is provided throughout the value chain for creditable acquisition.

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 of GST.

Electricity has also been kept out of GST.

The structure provided under GST is dual in nature (CGST, SGST, IGST).

Under the GST regime, liability to pay tax arises when a person crosses the turnover
threshold of Rs.40 lakhs

GST Composition Scheme, which is mainly devised for small taxpayers, provides
concessional rate of tax and filing of quarterly returns.

Provisions of the Central Goods and Services Tax Act, relating to, (i) scope of supply; (ii) composition levy; (iii) composite supply and mixed supply; (iv) time and value of supply; (v) input tax credit; (vi) registration; (vii) tax invoice, credit and debit notes; (viii) accounts and records; (ix) returns; (x) payment of tax; (xi) tax deduction at source; (xii) collection of tax at source; (xiii) assessment; (xiv) refunds; (xv) audit; (xvi) inspection, search, seizure and arrest; (xvii) demands and recovery; (xviii) liability to pay in certain cases; (xix) advance ruling; (xx) appeals and revision; (xxi) presumption as to documents; (xxii) offences and penalties; (xxiii) job work; (xxiv) electronic commerce; (xxv) settlement of funds; (xxvi) transitional provisions; and (xxvii) miscellaneous provisions including the provisions relating to the imposition of interest and penalty.

GST Tax Rate

For Find out GST tax rates. Click here

Mock tests in GST

Ekvij provides Chapter wise Mock tests in GST for preparing CA Inter, CA IPCC, CA Final, CS executive, CS Professional, CMA Inter, CMA Final, GST practitioner exam and competitive exams.

Advance Ruling

Online Mock test 1 in Advance Ruling

Online Mock test 2 in Advance Ruling

Assessment

Online Quiz in Assessment

Basics of GST

Online Exam in Basics of GST

Composition Scheme

Online Mock Test in Composition Scheme

Concept of Supply

Online Mock Test in Concept of Supply

Demands and Recovery

Online Mock Test 1 in Demands and Recovery

Online Mock Test 2 in Demands and Recovery

Exemption from GST

Online Mock Test 1 in Exemption from GST

Online Mock Test 2 in Exemption from GST

Online Mock Test 3 in Exemption from GST

Input Tax Credit

Online Quiz 1 in Input Tax Credit

Online Quiz 2 in Input Tax Credit

Levy of GST

Online Mock test 1 in Levy of GST

Online Mock test 2 in Levy of GST

Liability to Pay in Certain Cases

Online mock Test in Liability to Pay in Certain Cases

Payment of Tax

Online Quiz in Payment of Tax

Place of Supply

Online Exam in Place of Supply

Refunds

Online Mock Test 1 in Refunds

Online Mock Test 2 in Refunds

Registration

Online Mock Test 1 in Registration

Online Mock Test 2 in Registration

Returns

Online Quiz in Returns

Reverse Charge

Online Exam in Reverse Charge

Tax Invoice

Online Quiz in Tax Invoice

Time of Supply

Online exam in Time of Supply

Value of Supply

Online Mock Test in Value of Supply

Definitions of GST

Mock Test in Definitions of GST 

Composition Levy

Mock Test in Composition Levy

Tax Invoice and E-Way Bill

Mock Test in Tax Invoice and E-Way Bill

Exemption from GST

Mock Test 1 In Exemption from GST 

Mock Test 2 In Exemption from GST 

Mock Test 3 In Exemption from GST 

Input Tax Credit and Its Utilization

Online Mock Test 1 in Input Tax Credit and Its Utilization

Online Mock Test 2 in Input Tax Credit and Its Utilization

Online Mock Test 3 in Input Tax Credit and Its Utilization

Online Mock Test 4 in Input Tax Credit and Its Utilization

Levy and Collection

Online Mock Test in  Levy and Collection

Location of Supplier and Place of Supply of GST

Mock Test 1 in Location of Supplier and Place of Supply of GST

Mock Test 2 in Location of Supplier and Place of Supply of GST

Mock Test 3 in Location of Supplier and Place of Supply of GST

Payment of Tax

Online Mock Test in Payment of Tax

Registration of GST

Online Mock Test 1 in Registration of GST 

Online Mock Test 2 in Registration of GST 

Online Mock Test 3 in Registration of GST 

Online Mock Test 4 in Registration of GST 

Returns of GST

Online mock Test 1 in Returns of GST 

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Supply under GST

Online Mock test 1 in Supply under GST

Online Mock test 2 in Supply under GST

Online Mock test 3 in Supply under GST

Tax Invoice

Online Quiz in Tax Invoice

Time of Supply

Online Exam in Time of Supply

Value of Supply

Online Mock Test 1 in Value of Supply

Online Mock Test 2 in Value of Supply

Online Mock Test 3 in Value of Supply