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  • When should gst be paid

    • Gst act.

    Gst exempt supplies

  • Gst registration
  • Gst act
  • Gst registration check
  • Gst payable formula

    • Understanding Payment of Tax Under GST

    Key Takeaways

    • GST payments include IGST, CGST, SGST, TDS, TCS, and reverse charge components.
    • Calculate GST by deducting ITC from outward tax liability, adding interest and penalties if applicable.
    • Manage GST compliance with electronic ledgers for liabilities, credits, and cash payments.
    • Delayed GST payments incur 18% interest and penalties of ₹10,000, or 10% of the shortfall.
    • Claim GST refunds within 2 years using Form RFD 01, certified by a Chartered Accountant.

    Payment of tax under GST varies based on the type of supply made.

    The payment system differs for interstate and intrastate supplies based on the applicable GST. It furthermore differs based on the type of taxpayer, such as a regular or composite taxpayer.

    Learn elaborately about the different types of GST payments to make informed decisions.

    You can additionally understand the payment method based on whether you are a regular taxpayer or a taxpayer under the composition scheme.

    What Are Payments to Be Made Under GST?

    The payments to be made under GST are as follo

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