What is the maximum rate of CGST and SGST in India?

Difference between CGST, SGST and IGST Tax Full form Rate SGST/UTGST State Goods & Services Tax 0%, 0.125%, 1.5%, 2.5%, 6%, 9%, 14% CGST Central Goods & Services Tax 0%, 0.125%, 1.5%, 2.5%, 6%, 9%, 14% IGST Integrated Goods & Services Tax 0%, 0.25%, 3%, 5%, 12%, 18%, 28%

FAQs on ethical issues relating to GST (2024)

Page Contents

Q1. Whether a member in practice can engage as GST practitioner?
Q2. Whether a member who has enrolled as GST Practitioner can act as Tax Return Preparer for GST?
Q3. Whether a member holding CoP, who is an employee in a CA Firm, can be enrolled as GST practitioner?
Q4. Whether a member holding CoP on part time basis, working as an employee in an entity other than a CA Firm, can be enrolled as GST practitioner?
Q5. Can a member/Firm conduct training through seminars etc. on GST?
Q6. Whether a member can send presentation/write-up on GST, and include services provided in the same?
Q7. Whether it is permissible for a member to mention himself as “GST Consultant”?
Q8. Whether a member can share GST updates on modes like mass mail /social media?
Q9. Whether a member can publish testimonials /appreciation letters received by him with regard to GST Training assignments?
Q10. Whether a member can provide GST Training ?
Q11.Whether it is permissible for a member to put a Notice for GST Registration/Return preparation along with mention of his name/name of CA Firm? Whether he can mention fees/charges for providing such services?
Q12. Whether a member in practice can give GST consultation to clients of another professional?

Q1. Whether a member in practice can engage as GST practitioner?

A. Yes, a member in practice can engage as GST practitioner , as the activities to be performed by GST practitioner mentioned in CGST Act, 2017 read with CGST Rules, 2017 are within the purview of a member in practice as per the provisions of Chartered Accountants Act, 1949 and Regulations framed there under.

Q2. Whether a member who has enrolled as GST Practitioner can act as Tax Return Preparer for GST?

A. Yes, as per Rule 83(8) of CGST Rules, 2017, a GST practitioner can inter alia undertake the assignment of filing returns under the CGST Act, 2017.

Q3. Whether a member holding CoP, who is an employee in a CA Firm, can be enrolled as GST practitioner?

A. Yes, he can enroll as GST practitioner (as this is not an attest function), subject to contractual obligations, if any, with the employer .

Q4. Whether a member holding CoP on part time basis, working as an employee in an entity other than a CA Firm, can be enrolled as GST practitioner?

A. A member holding CoP on part time basis and working as an employee in an entity other than a CA Firm can enrol as GST practitioner , subject to contractual obligations, if any, with the employer.

Q5. Can a member/Firm conduct training through seminars etc. on GST?

A. Yes, a member/Firm can conduct training through seminars etc. on GST. However, the member /Firm may only invite its existing clients to such training programmes. Inviting individuals or entities other than existing clients may amount to solicitation , which is prohibited under Clause (6) of Part-I of First Schedule to The Chartered Accountants Act, 1949.

Q6. Whether a member can send presentation/write-up on GST, and include services provided in the same?

A. He can send presentation on GST /write-up on GST only to existing clients, and to a proposed client if an enquiry was received from the proposed client with regard to the same.

Q7. Whether it is permissible for a member to mention himself as “GST Consultant”?

A. No, in terms of provisions of Clause (7) of Part-I of First Schedule to The Chartered Accountants Act, 1949, it is not permissible for a member to mention himself as GST Consultant.

A. A member can share GST updates, mentioning himself as “CA” with individual name, provided the communication is limited to providing updates. Mention of Firm name is not allowed.

Q9. Whether a member can publish testimonials /appreciation letters received by him with regard to GST Training assignments?

A. Such testimonials are allowed to be mentioned on CA Firm website, but not on social media like Facebook, Linkedin etc.

Q10. Whether a member can provide GST Training ?

A. GST training can be provided to the existing clients.

In case of non-clients, training can be provided only if the member is invited to provide such training.

As part of contribution towards initiatives taken by the Government , ICAI GST Sahayataa Desks have been made operational on pro bono basis at all major cities for training / facilitating understanding of GST among small businessmen, traders, shopkeepers and public at large.

Q11.Whether it is permissible for a member to put a Notice for GST Registration/Return preparation along with mention of his name/name of CA Firm? Whether he can mention fees/charges for providing such services?

A. GST services are part of professional services provided by a chartered accountant, and accordingly, its advertisem*nt has to be in terms with the ICAI Advertisem*nt Guidelines, 2008 only. He cannot mention the fees/charges, as it is not allowed in the Advertisem*nt Guidelines.

Q12. Whether a member in practice can give GST consultation to clients of another professional?

A. The member is not allowed to share fees with another professional ; however, he can engage separately with the clients of such other professional to provide GST consultation.

Source- ICAI

FAQs

It is clearly mentioned in Section 8 of the CGST Act that the taxes be levied on all intrastate supplies of goods and/or services but the rate of tax shall not be exceeding 14%, each. Note: Any tax liability obtained under CGST can be set off against CGST or IGST input tax credit only and not any SGST.

The full form of GST is Goods and Services Tax.

There are Four Types of GST in India: namely Integrated Goods and Services Tax (IGST), State Goods and Services Tax (SGST), Central Goods and Services Tax (CGST), and Union Territory Goods and Services Tax (UTGST).

The invoice referred to in rule 46, in the case of the taxable supply of services, shall be issued within a period of thirty days from the date of the supply of service: Provided that where the supplier of services is an insurer or a banking company or a financial institution, including a non-banking financial company, ...

After filing GST returns, you settle the resulting tax liability owed to the government. How do you calculate 18% GST on the total? To calculate 18% GST on the total, you simply multiply the total amount by 18% (or 0.18). For example, if the total amount is Rs. 1000, the GST amount would be Rs. 180 (1000 x 0.18).

Value-added Taxes (VAT) / Goods and Services Tax (GST)

The Value Added Tax (VAT) or Goods and Services Tax (GST) are broadly based consumption tax assessed on the value added to goods and services. It applies to all goods and services that are bought and sold for use or consumption in foreign tax jurisdiction.

UTGST is applicable to the union territories of India and is levied and collected by the Central Government. Similar to SGST, UTGST is imposed on intra-union territory transactions of goods and services. GST in India is structured into four main tax slabs: 5%, 12%, 18%, and 28%.

The primary GST slabs for any regular taxpayers are presently pegged at 0% (nil-rated), 5%, 12%, 18% & 28%. There are a few lesser-used GST rates such as 3% and 0.25%. Also, the composition taxable persons must pay GST at lower or nominal rates such as 1.5% or 5% or 6% on their turnover.

Difference between CGST, SGST and IGST

Tax	Full form	Rate
SGST/UTGST	State Goods & Services Tax	0%, 0.125%, 1.5%, 2.5%, 6%, 9%, 14%
CGST	Central Goods & Services Tax	0%, 0.125%, 1.5%, 2.5%, 6%, 9%, 14%
IGST	Integrated Goods & Services Tax	0%, 0.25%, 3%, 5%, 12%, 18%, 28%

Section 35-Accounts and other records

Provided further that the registered person may keep and maintain such accounts and other particulars in electronic form in such manner as may be prescribed.

61. (1) The proper officer may scrutinize the return and related particulars furnished by the registered person to verify the correctness of the return and inform him of the discrepancies noticed, if any, in such manner as may be prescribed and seek his explanation thereto.