Question 1

What is the threshold limit for GST registration in Jharkhand?

Accepted Answer

The threshold limit for Jharkhand  GST registration is ₹40 lakhs for businesses involved in supplying goods and ₹20 lakhs for service providers. However, for businesses in special category states, including Arunachal Pradesh, the threshold is ₹20 lakhs for goods and ₹10 lakhs for service providers.

Question 2

What is the GST Code of Jharkhand?

Accepted Answer

The GST number for Jharkhand  starts with '20' and is followed by a unique 13-digit alphanumeric code assigned to registered taxpayers upon successful GST registration in the state.

Question 3

What are the compliance requirements post-GST registration in Jharkhand?

Accepted Answer

Following the GST registration process in Jharkhand requires compliance involving filing regular returns like GSTR-1, GSTR-3B, and others as per the schedule prescribed by the GST authorities. Additionally, maintaining accurate records, invoicing correctly, and timely payment of taxes are essential compliance duties.

Question 4

What are the penalties for non-compliance with GST regulations in Jharkhand?

Accepted Answer

Late fee of ₹100 per day, per Act (₹200 per day for CGST and SGST)

Penalty of 10% of the tax due, subject to a minimum of ₹10,000

Imprisonment of up to six months for willful evasion of GST

Question 5

Can I voluntarily cancel my GST registration in Jharkhand?

Accepted Answer

Yes, businesses in Jharkhand  can voluntarily cancel their GST registration. To do so, file the application for cancellation on the GST portal, clear all dues, and submit the necessary documents. After verification, the GST authorities will cancel the registration within a specified time.

Question 6

Where is the power to levy GST derived from?

Accepted Answer

Article 246A of the Constitution, established by the Constitution (101st Amendment) Act in 2016, grants concurrent powers to both Parliament and State Legislatures for enacting laws related to GST, comprising central tax (CGST), state tax (SGST), or union territory tax (UTGST). However, Article 246A's clause 2, in conjunction with Article 269A, exclusively empowers Parliament to legislate on inter-State trade or commerce, namely integrated tax (IGST).

Question 7

What is the taxable event under GST?

Accepted Answer

Taxation under GST is triggered by the supply of goods, services, or both. Intra-State supplies incur CGST and SGST/UTGST, while inter-State supplies incur IGST.

Question 8

Whether supplies made without consideration will also come within the purview of supply under GST?

Accepted Answer

Yes, but only activities specified in Schedule I to the CGST Act/SGST Act. This provision applies to the IGST Act and UTGST Act as well.

Question 9

Will giving away essential commodities by a charitable institution be taxable activity?

Accepted Answer

For a transaction to be taxable under GST, it must occur in the course or furtherance of business. As charitable activities lack a quid pro quo, they don't constitute a supply under GST.

Question 10

Who can notify a transaction to be supplied of goods or services?

Accepted Answer

The Central or State Government, based on the recommendations of the GST Council, can designate an activity as a supply of goods, services, or neither under GST.