Which of the following is are true regarding draft of the GST bill proposed 1 Online purchases will ...........

Finance (Phase -I & II) Public Finance The union budget

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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.

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

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Explanation:

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.