LLB GST Notes -Unit -3-Part-2.

GSTN:
GST Electronic Portal is www.gst.gov.in . It is a web site managed by
Goods and Services Network. In short it is called as GSTN. It is a
company incorporated under the provisions of section 8 of the
Companies Act 2013. It has been set up by the Government in order
to establish a uniform interface for the tax payer and a common and
shared IT infrastructure between the Centre and States.
GST portal is accessible through internet by the tax payers and others.
Tax officials can access the portal through Intranet.
GST portal provides linkage to all state/UT, Commercial Tax
Departments, and Central GST payers, banks, and other stake holders.
GSTN provides the following front end services to the tax payers
1. Registration
2. Payment of Tax
3. Filing of various periodicals returns under GST.
HSN CODE:
HSN (Harmonized System of Nomenclature) is used for classification
of goods under GST. International convention of Harmonized System
of Nomenclature (HSN), called Harmonized Commodity Description
and Coding System was developed by World Customs Organizations
(WCO) In India for Indian Customs adopted this nomenclature w.e.f.
28-02-1986. First Schedule to the Customs Tariff Act 1975 contains
this HSN classification of various goods. The same is used under GST
in respect of Goods. For services a new scheme classification has been
devised under GST. Here various types of services have been classified
under various sections, headings, and groups. Each group consists
various Service Codes (Tariff).
Zero Rated Supply:
Before the introduction of GST exports were made without any tax to
ensure that only the goods or services are exported and not taxes.
Under GST regime also similar provisions have been incorporated
through the concept of zero rated supply. Section 2(23) of the IGST Act
stipulates that “zero rated supply’ shall have the meaning assigned to
it in section 16. As per Section 16 of the IGST Act “Zero Rated Supply”
means any of the following supplies of goods or services or both
namely:-
a. Export of goods or services or both;
b. Supply of goods or services or both to a Special Economic Zone
developer or a Special Economic Zone unit.
Exports or Supply to SEZ developer/unit is called as Zero Rated Supply.

A registered person making zero rated supply is eligible to claim

refund under the following options:-
Opetion-1
Supply of goods or services or both under the bond or Letter of
Undertaking (LUT), subject to such conditions, safeguards and
procedure as may be prescribed, without payment of IGST and refund
can be claimed of Unutilized input tax credit; or
Option-2
Supply of goods or services or both, subject to such conditions,
safeguards and procedure as may be prescribed, on payment of IGST
and claim the refund of such IGST paid on goods or services or both
supplied, in accordance with the provisions of section 54 of the CGST
Act or the rules made under there under.