Draft GST Bill provisions

Q.  Which of the following is/are true regarding draft of the GST bill proposed?

1) Online purchases will not attract GST.
2) The liability to pay GST will arise at the time of supply.
- Published on 16 Jun 16

a. Only 1
b. Only 2
c. Both 1 and 2
d. Neither 1 nor 2

ANSWER: Only 2
 
  • All online purchasing will attract GST. The liability to pay GST will arise at the time of supply.
  • The model GST law has also suggested a jail terms of up to 5 years and fine for violation of GST.
  • The draft also provides for constitution of a National Goods and Services Tax Appellate Tribunal by Centre on the recommendation of the GST Council.

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