You will find that the login procedure for www.gst.gov.in for existing users is different than that of the new users. Let’s take a look at two different types of procedures. Existing User Step 1: All you need to do is to visitwww.gst.gov.inor the GST portal and click on ‘Login...
The goods and services tax (GST) is a value-added tax (VAT) levied on most goods and services sold fordomestic consumption. The GST is paid by consumers, but it is remitted to the government by the businesses selling the goods and services. Critics point out, however, that the GST may...
Businesses collect and remit GST to the government, but it’s not actually a cost they incur. However, it is still an important consideration for businesses. For example, companies need to adapt their pricing strategies so that a final price remains attractive to customers while still covering G...
Central GST: Also called CGST, it is collected by the Central Government. Integrated GST: Also called IGST, is to be paid to the Central Government for inter-state transactions. Union Territory GST: Also called UTGST, it is to be paid to the Union Territory Governments. All the 5 UTs- ...
Although businesses collect GST and forward it to the government, in the end it’s the consumer who pays this tax on most goods and services. GST on imports You have to pay GST on most imported goods. It’s added to the price you paid for the goods plus shipping costs, and you may...
GST Tax payments, communication between RBI,GST and Accounting authorities GST tax paid but no SMS confirmation or credit in ledger GST amount received in a tax head different from the one specified in the challan Error in GST receipts under transaction reported to RBI ...
Corporate guarantees between related parties are now taxable under GST, with a 1% valuation rule for non-creditable transactions. The 1% GST levy on corporate guarantees applies annually but is not required to be paid for businesses with full input tax credit. ...
It’s called “value-added tax” because it’s charged whenever value is added to the product throughout the supply chain, from production to the point of sale. VAT is commonly found in Europe. Goods and services tax (GST): GST is a tax similar to VAT in that it is levied whenever...
What is the effect of public revenue on government fiscal policy? How can the government use government spending or taxes paid by households to increase aggregate demand? What do you think would be a better way to collect taxes for a country's revenue rather than Income tax, GST etc.?
Learn how to pay GST online with our step-by-step guide. Understand GST payment rules and processes to ensure smooth and compliant transactions.