Suppose, Mr X of State B is purchasing an input amounting Rs 1000 from State A for which he has paid IGST say 10% i.e Rs 100. Now this input is used in his finished product Y which is sold only in State B. Previously, Y was excise exempted. Whether 1. he may be paid CGST and SGST for this or only SGST? if SGST, can he set off the IGST of Rs 100 from his SGST?

How would a particular transaction of goods and services be taxed simultaneously under Central GST (CGST) and State GST (SGST)?

Dear Experts,
Can any body give me some idea about GST.
And which office will look the matter wheather central or state.

Thanks and regards,
R.Dutta

If the introduction of GST regime would render the present Excise law, custom law, Service Tax , VAT , CST go redundant & obsolete .
Kindly provide a crystal clear picture of Tax scenario after induction of GST .

Will the immplementation of GST, in any way affect the parallel No. 2 business in indian economy?
Is their any procedure in GST to track the parallel business or does it depend only on individualls to get their mind change for parallel business?

Please guide me from where i can enhance my knowledege of GST....or i can get the books or other material..

Thanks in advance

Mayank Mahajan
+91-97 185 13992

Whether GST will be included in the syllabus for november,2010 attempt of C.A Finals???

Assessee has STCG in A.Y.04-05 which he has setoff agst b/f LTCG of A.Y.02-03.
A.O.did not allow setoff on the basis of sec.74(1)(b). Sec.74(1)(b) came from w.e.f. 01/04/2003," in so far as such loss relates to a LTCA, it shall be set off agst income, if any, under the head Capital Gains assessable for that A.Y. in respect of any other capital asset not being STCA."
So my query is whether assessee can take setoff of STCG agst LTCL.

Assessee has STCG in A.Y.04-05 which he has setoff agst b/f LTCG of A.Y.02-03.
A.O.did not allow setoff on the basis of sec.74(1)(b). Sec.74(1)(b) came from w.e.f. 01/04/2003," in so far as such loss relates to a LTCA, it shall be set off agst income, if any, under the head Capital Gains assessable for that A.Y. in respect of any other capital asset not being STCA."
So my query is whether assessee can take setoff of STCG agst LTCL.

for the financial year 2005-2006, a dealer filed monthly returns for the declared goods without A-9 and paid tax @ 4% for purchases from unregistered dealer. In this circumstances as assessing officer issued a notice 2 times for proofe the purchases from registered dealers because of second sale. But the dealer did not ask time or appeared. So, an assessing officer passed an order disallowing exemption and levy tax @ 4% on entire sale turnover. Is this correct? if this is correct there is any chance for revision and what grounds. Please mention if any case filed by anybody and judgement.