How the GST launch impacts you: All your questions about the tax reform answered

Do registered dealers have to record Aadhaar/PAN while selling goods to unregistered dealers?

As the nation prepares for the rollout of the Goods and Services Tax (GST) from midnight today, the government has prepared a FAQ sheet based on several questions it received on Twitter. 

Here is a summary of some the most frequently asked questions and their answers: 

What is Goods and Services Tax?

It is a destination based tax on consumption of goods and services. It is proposed to be levied at all stages right from manufacture up to final consumption with credit of taxes paid at previous stages available as setoff. In a nutshell, only value addition will be taxed