{"id":9835,"date":"2023-01-18T13:34:14","date_gmt":"2023-01-18T08:04:14","guid":{"rendered":"https:\/\/www.tickertape.in\/glossary\/?p=9835"},"modified":"2023-02-01T12:03:53","modified_gmt":"2023-02-01T06:33:53","slug":"gst","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/glossary\/gst\/","title":{"rendered":"GST &#8211; Types, Eligibility, Latest Updates, How To Calculate, and More"},"content":{"rendered":"\n<p>Before July 2017, multiple indirect taxes were charged in India, separately managed by the Central and State governments. This led to many issues, including complicated rules, separate compliances, and cascading taxes. With the introduction of GST in India, this archaic indirect taxation system was replaced, bringing all supplies under a single tax regime.<\/p>\n\n\n\n<p>Read further to understand what GST is, its rates and more.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_22 counter-hierarchy counter-numeric\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">You will Learn About: <\/p>\n<span class=\"ez-toc-title-toggle\"><a class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/a><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.tickertape.in\/glossary\/gst\/#What-is-GST\" title=\"What is GST?\">What is GST?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.tickertape.in\/glossary\/gst\/#Types-of-GST\" title=\"Types of GST\">Types of GST<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.tickertape.in\/glossary\/gst\/#GST-What-You-Need-to-Know\" title=\"GST: What You Need to Know!\">GST: What You Need to Know!<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.tickertape.in\/glossary\/gst\/#Eligibility-and-registration-under-GST\" title=\"Eligibility and registration under GST\">Eligibility and registration under GST<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.tickertape.in\/glossary\/gst\/#Know-the-GSTIN-GST-Identification-Number\" title=\"Know the GSTIN &#8211; GST Identification Number\">Know the GSTIN &#8211; GST Identification Number<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.tickertape.in\/glossary\/gst\/#GST-Certificate\" title=\"GST Certificate\">GST Certificate<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.tickertape.in\/glossary\/gst\/#GST-latest-updates\" title=\"GST latest updates\">GST latest updates<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.tickertape.in\/glossary\/gst\/#GST-Laws-Rules-Rates\" title=\"GST Laws, Rules &amp; Rates\">GST Laws, Rules &amp; Rates<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.tickertape.in\/glossary\/gst\/#How-to-calculate-GST\" title=\"How to calculate GST\">How to calculate GST<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.tickertape.in\/glossary\/gst\/#GST-Returns\" title=\"GST Returns\">GST Returns<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.tickertape.in\/glossary\/gst\/#GST-Payments\" title=\"GST Payments\">GST Payments<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.tickertape.in\/glossary\/gst\/#GST-E-Way-Bill\" title=\"GST E-Way Bill\">GST E-Way Bill<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.tickertape.in\/glossary\/gst\/#GST-benefits\" title=\"GST benefits\">GST benefits<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.tickertape.in\/glossary\/gst\/#FAQs\" title=\"FAQs\">FAQs<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What-is-GST\"><\/span><strong>What is GST?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/img.etimg.com\/thumb\/msid-92628405,width-300,height-225,imgsize-705179,,resizemode-75\/gst.jpg\" alt=\"\" width=\"439\" height=\"329\"\/><figcaption class=\"wp-element-caption\">Image source: <a href=\"https:\/\/economictimes.indiatimes.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Economic Times <\/a><\/figcaption><\/figure><\/div>\n\n\n<p>The Goods and Service Tax is the indirect tax that is levied on the supply of goods and services throughout the country. GST is a destination-based tax, which is charged every time there is value addition in the product cycle.&nbsp;<\/p>\n\n\n\n<p>Do note that destination or consumption-based taxes are levied where the goods or services are being consumed (also known as the place of supply) as opposed to origin-based taxes that are applicable where the goods or services are being produced.&nbsp;<\/p>\n\n\n\n<p>Let us now learn more about GST.<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Types-of-GST\"><\/span><strong>Types of GST<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/media.lendingkart.com\/wp-content\/uploads\/2020\/09\/Types-of-GST-in-India-CGST-SGST-IGST.jpg\" alt=\"\"\/><figcaption class=\"wp-element-caption\">Image source: <a href=\"https:\/\/www.lendingkart.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">LendingKart<\/a><\/figcaption><\/figure><\/div>\n\n\n<p>Currently, the types of GST in India are CGST, SGST\/UGST and IGST. Read further to know more about the types of GST.<\/p>\n\n\n\n<ol>\n<li><strong>SGST or State Goods and Service Tax<\/strong><\/li>\n<\/ol>\n\n\n\n<p>SGST is levied by the state government on intra-state supplies of goods and services transactions. Collection from SGST is accounted as revenue to the state government. SGST has subsumed certain taxes such as entertainment tax, VAT, luxury tax etc. UGST, or Union Territory Goods and Service Tax, substitutes SGST in union territories like Chandigarh, Andaman and Nicobar Islands.<\/p>\n\n\n\n<ol start=\"2\">\n<li><strong>CGST or Central Goods and Service Tax:<\/strong><\/li>\n<\/ol>\n\n\n\n<p>CGST is levied by the central government on intra-state supplies of goods and services transactions. Collection from CGST is accounted as revenue to the central government. It is levied with SGST or UGST, and the revenue collected is distributed between the state and the centre. With the introduction of CGST, earlier taxes, such as service tax, central sales tax, central excise duty etc., have all been subsumed.&nbsp;<\/p>\n\n\n\n<ol start=\"3\">\n<li><strong>IGST or Integrated Goods and Service Tax<\/strong><\/li>\n<\/ol>\n\n\n\n<p>IGST is levied on the inter-state supply of goods and services. Imports and exports are also covered within the ambit of IGST. Collection from IGST will be distributed between the central and state government.\u00a0<\/p>\n\n\n\n<div class=\"wp-block-uagb-advanced-heading uagb-block-7ca1c0d8\"><h2 class=\"uagb-heading-text\"><span class=\"ez-toc-section\" id=\"GST-What-You-Need-to-Know\"><\/span>GST: What You Need to Know!<span class=\"ez-toc-section-end\"><\/span><\/h2><\/div>\n\n\n\n<ul>\n<li>The Goods and Service Tax is a destination-based indirect tax that is levied on the supply of goods and services.<\/li>\n\n\n\n<li>GST has subsumed the majority of indirect taxes levied in the country. However, excise duty on alcohol, property and stamp duty, taxes on petroleum crude, ATF &amp; Natural Gas, diesel, and basic customs duty still do not follow under the preview of GST.&nbsp;<\/li>\n\n\n\n<li>There are 4 types of GST: CGST, SGST, UTGST, and IGST.<\/li>\n\n\n\n<li>As a normal taxpayer, if the supply of your goods exceeds Rs. 40 lakh (Rs. 20 lakh in special states) or services exceed Rs. 20 lakh (Rs. 10 lakh in special states), then you are required to register under GST.&nbsp;<\/li>\n\n\n\n<li>GST has simplified the taxation system and has helped to reduce tax avoidance.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>Now that we have discussed what GST is, let us see who is eligible to register under this scheme.&nbsp;&nbsp;<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Eligibility-and-registration-under-GST\"><\/span><strong>Eligibility and registration under <\/strong><strong>GST<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>You are required to register under GST if your annual turnover exceeds a certain threshold limit. Read below to know what those limits are.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Place of supply (The place of delivery of goods or where the taxpayer renders service)<\/strong><\/td><td><strong>Turnover limit (Rs.)<\/strong><\/td><\/tr><tr><td>Supply of goods in normal states<\/td><td>40 lakh&nbsp;<\/td><\/tr><tr><td>Supply of goods in special category states (Himachal Pradesh, Jammu and Kashmir, Uttarakhand, and all north-eastern states)<\/td><td>20 lakh<\/td><\/tr><tr><td>Supply of services in normal states<\/td><td>20 lakh<\/td><\/tr><tr><td>Supply of services in special category states&nbsp;<\/td><td>10 lakh<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Further, there are 3 categories under which taxpayers can get a new GST registration.&nbsp;<\/p>\n\n\n\n<ol>\n<li><strong>Normal taxpayer<\/strong> &#8211; Is a person engaged in economic activity (trade and commerce), carries business in any part of the country, and is registered under the GST Act.&nbsp;<\/li>\n\n\n\n<li><strong>Casual taxable person<\/strong> &#8211; Is a person who has no fixed place of business; however, supplies goods and services across various taxable territories in India.&nbsp;<\/li>\n\n\n\n<li><strong>Non-resident taxable person <\/strong>&#8211; Is a person who occasionally undertakes transactions involving the supply of goods or services or both, whether as principal or agent, but who has no fixed place of business or residence in India.<\/li>\n<\/ol>\n\n\n\n<p>Additionally, the following persons are also required to obtain registration under the GST regime irrespective of their threshold limit<\/p>\n\n\n\n<ul>\n<li>Every e-commerce aggregator.&nbsp;<\/li>\n\n\n\n<li>Businesses supplying products or services through e-commerce aggregators.&nbsp;<\/li>\n\n\n\n<li>All individuals who were registered under the old indirect tax regime.&nbsp;<\/li>\n\n\n\n<li>Businesses paying tax under the reverse charge mechanism.<\/li>\n\n\n\n<li>All agents of suppliers and distributors.<\/li>\n<\/ul>\n\n\n\n<p>The GST registration process can be initiated online through the GST portal.&nbsp;<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Know-the-GSTIN-GST-Identification-Number\"><\/span><strong>Know the GSTIN &#8211; GST Identification Number<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/cdn.mastersindia.co\/custom_pages\/img\/GST%20Identification%20Number.png\" alt=\"\"\/><figcaption class=\"wp-element-caption\">Image source: <a href=\"https:\/\/www.mastersindia.co\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Masters India<\/a><\/figcaption><\/figure><\/div>\n\n\n<p>Once you are successfully registered under the GST regime, a GST Identification Number (GSTIN) will be allotted to you. This is a unique 15-digit code based on the state of your operations and your PAN.&nbsp;<\/p>\n\n\n\n<p>The benefits of GSTIN are that it allows you to claim refunds easily and simplifies the verification process. Moreover, you also become eligible to avail loans using your GSTIN.&nbsp;<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"GST-Certificate\"><\/span><strong>GST Certificate<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Another document that you are given upon successful registration is the GST Certificate. It contains all the details of your business as well as registration. This does not come in a physical form and is only available as a digital copy. You can download the GST certificate by logging into the GST Portal.<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"GST-latest-updates\"><\/span><strong>GST latest updates<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>GST collection in July 2022 was Rs. 1,48,995 cr., up 28% from July 2021. This was the second-highest GST collection ever.&nbsp;<\/li>\n\n\n\n<li>In June 2022, the GST council removed various GST exemptions, such as that on hotel rooms up to Rs. 1,000 per night, which came into effect in July 2022.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"GST-Laws-Rules-Rates\"><\/span><strong>GST <\/strong><strong>Laws, Rules &amp; Rates<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>GST is primarily governed by two acts \u2013 the Central Goods and Service Tax Act, 2017 and the Integrated Goods and Service Tax Act, 2017. These contain all the rules and regulations pertaining to the implementation of GST in India.&nbsp;<\/p>\n\n\n\n<p>Moreover, there are multiple rules under the GST Acts. These can be subdivided into 9 main categories that are: registration, valuation, input tax credit, composition, payment, transition, invoice, return, and refund.<\/p>\n\n\n\n<p>Talking about the rates, the GST rates in India depend on the kind of product or service being supplied. They are announced by the GST council and get revised from time to time. At present, there are 4 major tax slabs: 5%, 12%, 18%, and 28%. You can find the GST rate list on the official GST portal.<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"How-to-calculate-GST\"><\/span><strong>How to calculate <\/strong><strong>GST<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Calculating the amount of GST can be tedious as many provisions and rules must be kept in mind. This includes calculations for input tax credits, exempt supplies, and tax paid under the reverse charge mechanism.&nbsp;<\/p>\n\n\n\n<p>To make this task easier, you can use online calculators. All you have to do is enter details of your supplies, the month in which you are filing the tax, details of input tax credit and reverse charge if any, and the balance of your cash ledger. With this, you will get the amount of your GST <a href=\"https:\/\/www.tickertape.in\/glossary\/liability\/\">liability<\/a> seamlessly.&nbsp;<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"GST-Returns\"><\/span><strong>GST Returns<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/www.betterplace.co.in\/blog\/wp-content\/uploads\/2020\/03\/GST-Return-1.jpg\" alt=\"\"\/><figcaption class=\"wp-element-caption\">Image source: <a href=\"https:\/\/www.betterplace.co.in\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">betterplace<\/a><\/figcaption><\/figure><\/div>\n\n\n<p>GST returns are documents that contain the details of your sales, revenue, expenses, and purchases and are used by tax authorities to calculate your net tax liability. All businesses with an aggregate annual turnover of over Rs. 5 cr. must file GST returns twice every month as well as one annual return.&nbsp;<\/p>\n\n\n\n<p>However, businesses with a turnover of up to Rs. 5 cr. can file GST returns under the QRMP scheme, under which only 9 returns have to be filed.&nbsp;<\/p>\n\n\n\n<p>You can check your GST return status using your GSTIN on the GST portal.&nbsp;<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"GST-Payments\"><\/span><strong>GST <\/strong><strong>Payments<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>At present, all businesses are required to pay GST online or offline every month. For a regular taxpayer, the deadline for payment is the 20th of every next month. On successful payment, a challan is generated.<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"GST-E-Way-Bill\"><\/span><strong>GST <\/strong><strong>E-Way Bill<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>E-way bills are used to track the goods in transit. A registered person must generate an e-way bill if the goods being transported are worth equal to or more than Rs. 50,000. The transporter is required to carry this document.&nbsp;&nbsp;<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"GST-benefits\"><\/span><strong>GST benefit<\/strong>s<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The benefits of GST include the following:<\/p>\n\n\n\n<ul>\n<li>It removed the cascading effect of taxes by consolidating a number of indirect taxes into one common tax and adding the provision of an input tax credit.&nbsp;<\/li>\n\n\n\n<li>The number of compliances has reduced under the GST regime.&nbsp;<\/li>\n\n\n\n<li>GST has introduced a composition scheme for small businesses.<\/li>\n\n\n\n<li>It has defined the treatment of e-commerce activities, allowing better regulation.&nbsp;&nbsp;<\/li>\n\n\n\n<li>GST has reduced instances of tax evasion in the country and aided with tax collections that add to the revenue of the government.&nbsp;<\/li>\n\n\n\n<li>GST has also helped identify and eliminate middlemen, improve the country\u2019s overall tax system, and make it more efficient.<\/li>\n<\/ul>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-uagb-faq uagb-faq__outer-wrap uagb-block-1812bb10 uagb-faq-icon-row uagb-faq-layout-accordion uagb-faq-expand-first-true uagb-faq-inactive-other-true uagb-faq__wrap uagb-buttons-layout-wrap uagb-faq-equal-height\" data-faqtoggle=\"true\" role=\"tablist\">\n<div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-ebf05d93\" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\"><span class=\"uagb-icon uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg><\/span><span class=\"uagb-icon-active uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg><\/span><span class=\"uagb-question\"><strong>What are the types of GST?<\/strong><\/span><\/div><p class=\"uagb-faq-content\">There are 4 types of GST based on where the supply is made. These are: CGST, SGST, UTGST, and IGST.<\/p><\/div>\n\n\n\n<div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-eb130734\" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\"><span class=\"uagb-icon uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg><\/span><span class=\"uagb-icon-active uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg><\/span><span class=\"uagb-question\"><strong>What is the GSTIN?<\/strong><\/span><\/div><p class=\"uagb-faq-content\">GST Identification Number (GSTIN) is a unique 15-digit code based on the state of your operations and your PAN.<\/p><\/div>\n\n\n\n<div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-78ebe83d\" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\"><span class=\"uagb-icon uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg><\/span><span class=\"uagb-icon-active uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg><\/span><span class=\"uagb-question\"><strong>When is GST supposed to be paid?<\/strong><\/span><\/div><p class=\"uagb-faq-content\">All businesses must pay GST every month. For a regular taxpayer, the deadline for payment is the 20th of every next month.<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>GST is an indirect tax levied on the supply of goods and services. Read more to know all GST details and how to register and pay GST. <\/p>\n","protected":false},"author":90,"featured_media":9840,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[1],"tags":[1929],"jetpack_featured_media_url":"https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/01\/2.png","uagb_featured_image_src":{"full":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/01\/2.png",2086,1086,false],"thumbnail":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/01\/2-150x150.png",150,150,true],"medium":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/01\/2-300x156.png",300,156,true],"medium_large":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/01\/2.png",768,400,false],"large":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/01\/2-1024x533.png",770,401,true],"1536x1536":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/01\/2-1536x800.png",1536,800,true],"2048x2048":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/01\/2-2048x1066.png",2048,1066,true],"authorship-box-avatar":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/01\/2-150x150.png",150,150,true],"authorship-box-related":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/01\/2-70x70.png",70,70,true],"post-thumbnail":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/01\/2-270x180.png",270,180,true],"contentberg-main":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/01\/2-770x515.png",770,515,true],"contentberg-main-full":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/01\/2-1170x508.png",1170,508,true],"contentberg-slider-stylish":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/01\/2-900x515.png",900,515,true],"contentberg-slider-carousel":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/01\/2-370x370.png",370,370,true],"contentberg-slider-grid-b":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/01\/2-554x466.png",554,466,true],"contentberg-slider-grid-b-sm":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/01\/2-306x466.png",306,466,true],"contentberg-slider-bold-sm":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/01\/2-150x150.png",150,150,true],"contentberg-grid":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/01\/2-370x245.png",370,245,true],"contentberg-list":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/01\/2-260x200.png",260,200,true],"contentberg-list-b":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/01\/2-370x305.png",370,305,true],"contentberg-thumb":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/01\/2-87x67.png",87,67,true],"contentberg-thumb-alt":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/01\/2-150x150.png",150,150,true]},"uagb_author_info":{"display_name":"Anjali Chourasiya","author_link":"%3Fmolongui_byline=true%26mca="},"uagb_comment_info":0,"uagb_excerpt":"GST is an indirect tax levied on the supply of goods and services. Read more to know all GST details and how to register and pay GST.","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/posts\/9835"}],"collection":[{"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/users\/90"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/comments?post=9835"}],"version-history":[{"count":7,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/posts\/9835\/revisions"}],"predecessor-version":[{"id":9918,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/posts\/9835\/revisions\/9918"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/media\/9840"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/media?parent=9835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/categories?post=9835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/tags?post=9835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}