2) Who is liable to pay GST? In general the supplier of goods or service is liable to pay GST. However in specified cases like imports and other notified supplies, the liability may be cast on the recipient under the reverse charge mechanism.
Who should pay GST in India?
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.
Who actually pay GST?
The GST is paid by consumers, but it is remitted to the government by the businesses selling the goods and services.
Who has to pay GST buyer or seller?
Who should pay GST, the buyer of the 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 needs to pay GST?
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.
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.
Why do customers pay GST?
You are liable to pay GST to us when your organisation makes a taxable sale. Your organisation makes a taxable sale if it is registered or required to be registered for GST and: you make the sale for payment (whether monetary or non-monetary) … the sale is not GST-free or input taxed.
Who bears the burden of GST?
Under GST, burden of tax is to be borne by the final consumer.
Do manufacturers pay GST?
Further, many inter-state taxes like OCTROI, central sales tax etc. were subsumed under GST. This has considerably reduced the burden of indirect taxes on manufacturers. Therefore, both, manufacturers and end customers have benefitted from GST.
Do customers pay GST?
The GST was introduced on 1 July 2000 and replaced a range of state and federal taxes, duties and levies. GST is ultimately paid by consumers who are the end users of these goods and services.
What if my seller 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. … the Delhi High Court while issuing the notices to the Centre ruled that Input Tax credit (GST) can not be denied to the recipient for default on part of the supplier.
Can employees have GST number?
5 Answers found. A salaried employee will not be covered under GST. … So an individual who is not a businessman but only a salaried person need not get registered under GST and no GSTIN is required. Only business people and service providers have to register under GST and get GSTIN.