Who is pay the GST and whom?

In general, the registered supplier of goods or services will need to pay GST. However, in specified cases like imports and other notified supplies, the liability will lie on the recipient under the reverse charge mechanism.

Who should pay GST buyer or seller?

Goods and Service Tax (GST) is paid by the consumers for the products or services. But the GST will be remitted to the government by the businesses who are providing you with those products and services.

Who is the person liable to pay tax?

Who are the Tax Payers? Any Indian citizen aged below 60 years is liable to pay income tax, if their income exceeds Rs 2.5 lakhs. If the individual is above 60 years of age and earns more than Rs 2.5 lakhs, he/she will have to pay taxes to the Government of India.

Do government departments pay GST?

The payment from the Department to the government school isn’t subject to GST because all requirements are satisfied. Payments by the Department to non-government schools are subject to normal GST rules.

Do customers have to pay GST?

TURNOVER BASIS You must collect and pay GST when your turnover in a financial year exceeds Rs. 20 lakhs. [Limit is Rs 10 lakhs for some special category states]. These limits apply for payment of GST.

What if my supplier does not pay GST?

Firstly, the Court asked that if the supplier had not paid the tax then has the department initiated any investigation or inquiry against the supplier. Secondly, if the supplier had not paid the tax then has the department initiated any recovery proceedings against the supplier.

Who are exempt from GST registration?

A business entity with an annual turnover less than Rs. 20 lakh is given exemptions from GST registration. But there are some special category states (Arunachal Pradesh, Assam, Jammu and Kashmir, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, Himachal Pradesh and Uttarakhand) where this threshold limit is Rs.

Do you have to pay GST if you earn under 75000?

If your GST turnover is below the $75,000, registering for GST is optional. You may choose to register if your GST turnover is below the $75,000 threshold, however this means that once registered, regardless of your turnover, you must include GST in your fees and claim GST credits for your business purchases.