GST Explained – Goods and Service Tax by Gst gov in

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What Is GST

Goods and Services Tax was enforced in India in 2017 by Hon’ble Prime Minister of India Sh.Narendra Modi in presence of Hon’ble President of India, Sh.Pranab Mukherjee.

Read Latest GST Notification due to COVID – GST Return Date has been Extended Dates

This law has eliminated all indirect laws. Under GST, the same rate of tax is applied on goods and services provided throughout the country.

Advantages of GST are that you don’t have to pay tax at different points, it ensures clear tax payment, extra taxation is avoided.

Central tax, State tax and Integrated tax are merged together in GST. Different percentages of tax are decided for various items.

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GST Rate Finder

Tax PercentageGoodsServices
0%Books, newspaper, some food item, judicial papers, handloom etcNo tax is charged on hotel services and lodges if the bill is lower than or equals to Rs.1000 per night.
5%Medicine, coal, kerosene, spices, tea, coffee etcSmall restaurant, transport services
12%Machine, phones, certain food items and some medicinesNon AC hotels, business class air tickets
18%Monitor, circuits, steel productsAC hotels, IT services, Telecom service
28%Luxury goods, motorcycle, carCinema, 5 star hotel
Latest GST Slabs as on June 2020

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GST Full Form

Full form of GST is Goods and Services Tax. There are three different types of GST and they are CGST, IGST and SGST. Full forms of various types of GST and their particulars are cited below:

CSGT Full Form

Full form of CGST is Central Goods and Tax services. A share of GST is sent to the Central Government and this comes under CGST. All Central Tax like excise duty, sales tax, super excise duty are included in CGST.

SGST Full Form

Full form of SGST is – State Goods and Service Tax. The State Government also receives some share of goods and services tax that comes under SGST. All the State Tax like entry tax, the Value Added Tax which is abbreviated as VAT, the entertainment tax which is imposed on the various entertainment related services, luxury tax which is imposed on the luxurious goods and services are included in SGST.

IGST Full Form

Full form of IGST is Integrated Goods and Service Tax. IGST is divided between state and central government. IGST will be charged in case of transfer of goods between states.

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GST Portal

This is the government’s official website for GST. official portal of GST is www.gst.gov.in.

GST Registration

According to laws of CBIC, there are some of the businesses that are required to register under the official portal of GST. You can do your registration online. Fill your details, scan and upload required documents then your GSTIN of 15 digits is generated. Temporary login and password will be set in and your registration will be completed.

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GST Certificate

All the taxpayers who have successfully registered themselves on the website of GST are provided GST Certificates. You will need this GST certificate while dealing with other business partners. It is also required as proof of paying tax. Sometimes you will need to present documents before officials. Some of the documents are really important for further use and should be kept safe. If you own a business then you must have following documents:

GST Registration Documents

You can only register under GST if you have important documents ready with yourself. You should have your identity proof. Along with identity proof they should have their PAN card and photographs.

If you are registering for a business involving various partners then you need address proof of all partners, their aadhar card and partnership deed(if any). Bank account statement and business registration proof are also required.

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GST Registration Certificate

GST registration certificate is issued for those who have registered under GST.

You can get your GST registration certificate from the official site of GST under GST Registration Certificate Form GST REG-06.

This is a very important certificate as you need to present it at almost all official places wherever business is involved.

GST Certificate Download

The taxpayers can download their GST Certificate from the website of GST which is under control of the government.

After logging in to your account you have to go to the download certificates section.

You can reach there by clicking on services menu. Then download the certificate.

GST Number Format – GST No Search

After registering under goods and services tax you are provided a unique GST number.

This GST number is of fifteen digits and called as GSTIN. Goods and Services Tax Identification Number is the full form of GSTIN and it is used to identify a user.

For a normal taxpayer, 2 digits represent state, following 10 digits represent PAN number, entity number is represented by 13th digit and default alphabet by 14th and last digit is check digit.

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GST Challan

Under Goods and Services Tax, you need to create a single challan for penalty, interest and late fee, which can be done through online mode.

This is to be done within specified office hours. You can create as many challan as you want.

Physical Challan is not accepted. You can create your GST Challan by the official portal of GST.

You can go to create a challan option by clicking on the service section. Then after making payment you can download the challan.

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How to Change Authorised Signatory in GST

All necessary information regarding GST is sent to your mobile number and email id.

You must register correct details of them. If you want to change authorised signatory then you can do this by going to the official site of GST. You must login in into your account and go to the authorized signatory tab.

Then enter your new details and after verification again login in to your account and remove your past details.

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GST Number Search By Name

You can search your Goods and Services Tax Identification number by name of your organization.

This can be done by using the GST search tool. You can do this by entering the correct name of your company and your state. You can also search GSTIN by entering your name.

GST Search By PAN – Know your GST

Goods and Services Tax Identification Number is of 15 digits out of which 10 digits represent the PAN number of GST registration holder. You can do this by using the GST search tool. You must enter your PAN number along with the state number. These details must be correct.

GST State Code

Every state and union territories are given a unique code under GST. This code is used in GST identification number.

This GST state code list pdf or gst code pdf is available on the official site of GST. This can be useful in finding your GST number and easy filing of returns.

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Eway Bill GST Login

Eway Bill is abbreviated as EWB. This was enforced to provide the facility of easy transfer of goods.

The gst eway bill login can be used by transporters and dealers who want to transfer goods from one place to another.

You may register for eway bill and with help of this you can get single permission through which you will be able to transfer your goods anywhere you want without taking permissions from different authorities.

GST Payment

Your GST Payment can be calculated by considering input and output of the tax.

You can log in to your account on the GST portal and click on services. Then you can proceed to ‘payment’, proceeded by click on create ‘challan’ and then you can directly pay your GST by using various online methods of payment like online banking or by credit and debit cards.

Good point is Payment can be done after filing returns. Some of the returns are cited below.

GSTR 6

GSTR 6 is needed to be filed once in a month and you have to detail your tax input as well as output.

You can file input by login in your account, entering all the necessary details that are to be mentioned, distribution and redistribution is to be filled in given columns and then you must pay the late fee and then proceed further to complete this GSTR.

GSTR 9

This return is divided into many sections. This return is to be filed annually.

You have to file this return online. GSTIN details and business details also needs to be entered.

You must enter your inward and outward tax details. Your detail must be filled in about 4 sections. Then you have to pay the late fee and proceed further for completion.

GSTR 7

This needs to be filed by the taxpayer who wants to eliminate their tax deducted at source.

You need to provide details of TDS paid, TDS deducted or TDS refunded. This is to be filed on the monthly basis.

GSTR 10

Those who have cancelled their GST registration need to file this return. GSTR 10 is to be filed only once.

This must be filed within three months of filing of return. You will need to enter your details of name, address, company and GSTIN.

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GST Annual Return

GST annual return is to be filed on the annual basis. Almost every taxpayer needs to fill this except some. Delay in filing this return may attract late fees and interest. You must know how to file gst annual return and when to file it. Information regarding this is given below:

GST Annual Return Due Date

Normally, gst annual return due date is the late day of the year that is 31st December but it may get extended under some circumstances.

GST Online Payment

GST annual return can be filed by online mode and even the tax can be paid by using the online payment method. For this, you must login into your account, provide your details, tax input and output, GSTIN, company address and others.

Then you must pay late fees and after that you can proceed forward to paying your annual return. You can download your challan and select your payment mode.

Place Of Supply In GST

There is a huge importance of mentioning the place of supply in GST. It is useful in calculating the tax to be paid by the taxpayer.

If a taxpayer is involved in supplying goods on interstate level then he has to pay IGST also. One must mention place of supply and place of receiver.

Know Your Jurisdiction GST

Some of the taxpayers may get confused about their taxable jurisdiction. To know about this you must go to the official portal of GST.

There you have to go to search the taxpayer. Enter your details and your taxable jurisdiction will appear on screen.

You can also search the officer related to that particular jurisdiction.

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GST Calculator Online

GST Calculators are devised for taxpayers to calculate the amount of tax payable under GST.

Tax payable is calculated according to guidelines of CBIC. Under this calculator, you can calculate tax to be paid by details of output and input tax.

All the rates of interest that are used in this calculator are entirely based on the rules of the government.

You can easily calculate tax to be paid under different types of returns. You can easily calculate following things on gate calculator:

Reverse Charge Under GST

This is possible only under some conditions. There are some goods for which reverse is applicable.

There are some e-commerce related businesses under which you can apply for reverse charge under gst. You can get a reverse charge within 1 month or 2 months after getting receipt of your invoice.

This time duration varies according to different types of goods. You can apply easily for reverse change on the portal of GST.

TDS On GST

Tax deducted at source is a different way of paying your tax to the government.

TDS is payable only if goods that are liable to tax are sold for more than INR 2.5 lakhs.

A person who is eligible for tax must register under TDS. You can get registered under GST by using TAN. TDS is the extra tax that is to be charged along with other payable tax.

GST On Rent

GST is applied on renting commercial property. Total GST that is to be paid is 18% of the rent.

You have to provide 18% tax on rent out of which the Central government receives 9% and 9% is received by the State Government.Renting residential property is not taxable.

Tax can be exempted in some cases. This is possible when rent is given to charitable trust or the total earning of the landowner is less than 20 lakhs. GST On Real Estate.

GST On Hotel Rooms

Goods and Services Tax is applicable to hotel services also. No GST is charged on the hotel bill of less than Rs.1000/-.

A tax of 12% of bill is applicable to hotel services in case the bill is greater than Rs. 1000 per night.

This rate of tax is fixed for the bill upto Rs. 7500 per night. For the bill greater than Rs. 7500 per night tax liability is 28% of the total bill. Percentage of tax is fixed on hotel rooms.

GST On Cement

Cement industries is one of the most widespread businesses of India. Goods and services tax is applicable to cement at the rate of 28%.

GST On Food

Goods and Services Tax is applicable to foods. Tax rate varies on different food items.

5% tax is applicable on foods served at restaurants, canteens, hostels, on board trains, mess.

Tax @18% is applicable on foods served at luxurious hotels which provide services of Rs. 7500 per night. 18% tax is also applicable to foods served at guest houses and catering services.

GST Invoice Format in Excel (Bill)

The taxpayers can make their own GST invoice in Excel sheet.

This GST invoice format that is made by the taxpayer must follow all the norms of GST.

The norms for making your GST invoice in Excel are different for normal taxpayer and the taxpayers who are registered under composition scheme. It is mandatory for every taxpayer to issue an invoice to their customers.

In case of not providing GST invoice to your customers you may be liable to pay penalty.

You must provide details of your name, address, business detail, GSTIN, date of invoice, information about recipient and rate of tax applied. Excel sheets can be used to form your GST invoice.

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GST Refund

The taxpayer can get GST refund only under some specific conditions.

If you have paid extra tax payment then you are eligible to apply for refund. Refund can be issued if the tax is paid for those goods and services which are kept under 0% tax rates.

You can also apply for refund if you provided goods and services at much lower tax rates but purchased at higher tax rates and in case of tax paid by foreign nationals.

Application for refund is to be filed under Form GST RFD-1.The taxpayer can apply for refund within a given due date only. Refunded tax can be credited under your e-cash ledger which can be used in future for paying various taxes.

For getting refunded tax in e cash ledger you have to file an application in GST RFD-3 and GST RFD-4.

Application for refund can also be submitted in Form GST RFD-10 by special category of taxpayers who are included in section 55.

Your refund is issued within one week in Form GST RFD 04.

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GST Late Fees Calculator (India)

This special calculator is devised to calculate GST late fees which is applicable on late filing of returns.

You must be eager to know how the GST late fee is calculated.

So, GST late fee is charged on the basis of number of days of delay from GST due date.

Late fees paid by the taxpayer is charged under CGST, SGST and in case of interstate transfer of goods late fee is also charged under IGST.

Amount of GST late fees is different for nil return and payable returns.Normally, Rs.50/- is charged per day separately for SGST as well as for CGST and Rs. 100 per day for IGST under nil return.

Late fees of Rs. 100 is charged as CGST. Then, same amount of late fees is charged per day for SGST that means Rs. 100 is charged for SGST. Rs. 200 is charged per day under IGST for payable gst returns.

GST penalty calculator helps you in calculating penalty to be paid by taxpayer in case of delay in return due to intentions of doing fraud.

Penalty is charged at the rate of 100% in case of deliberate planning. Interest is also imposed to late submission of the return under GST.

This interest on late payment of gst is charged at the rate of 18% per annum in normal delay in return filing and at 24% per annum if you have claimed less output of tax.

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GST Audit

The taxpayers who have their annual turnover of business more than Rs. 2 Crores needs to get audited to prove their impeccability.

GST Audits are performed by the officer to ensure the morality of the returns and invoices submitted by the taxpayers.

GST Audit is mandatory to be done once in the year. GSTR-9C can be filed after the GST audit. Details about tax paid, documents of the taxpayer, ITC refunded and claimed and return filed are checked under gst audit.

There are three different types of audits. These audits are done by CA or CWA of taxpayers.

This audit is very helpful for CA’s and CWA’s for tracing if taxpayer is submitting right details to them or not.

Commissioner of central goods and services tax and commissioner of state goods and services tax can perform an audit in special cases.

Chartered accountant who work under commissioner of the state and central tax system can also go for an audit.

GST Audit is to be filed within a given time duration. In case of delay the taxpayer shall be liable to give penalty upto Rs. 2500.

GST Status

GST Status can be seen by anyone who has completed his GST registration under the official portal.

GST Status can be evaluated with the help of goods and services identification number.

GST return status can be traced by anyone as this is not a private information.

You can know about status of your GST with help of your permanent account number.

But this permanent account number should be the one you filled while registering for GST.

You can simply login in to your account and then trace your GST status. So, you can use information related to your GST account for checking the status.

You can also download a GST certificate to keep as proof of GST status.

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GST Suvidha Center

GST Suvidha Centers are created k all over the nation to help taxpayers related to small and big businesses.

They are really helpful for taxpayers with turnover greater than Rs. 20 Lakhs. GST Suvidha Centers can assist taxpayers in paying their tax, filing return, ITR filing, GST audit and legal services.

You can even get the best GST Suvidha Kendra franchise near you.

You can recognize GST Suvidha Kendra near you easily with the help of GST Suvidha Kendra logo.

Most important eligibility for GST Suvidha Kendra is having indian nationality.

GST Customer Care Number

For help you can call at GST customer care :1800-103-4786
GST Helpdesk Email :[email protected]
For contacting CBIC Mitra call at :1800-120-0232
Email CBIC Mitra at :[email protected]
For contacting Saksham Seva call at :1800-266-2232 or 1800-121-4560
Email Saksham Seva at :[email protected]

GST FAQs

What is GST tax?

Good and services tax is a single tax scheme that is followed throughout the country.
The taxpayers need to give tax payment only at a single place.
You just have to submit your tax returns at one portal.
Same portal is required for submitting returns for the three groups of GST.
Under GST, tax rates were fixed for various goods and services. Tax is charged at a rate of 5%, 12%, 18% and 28%.
GST rules which are to be followed by all taxpayers who are registered under GST and those who are eligible for registering under GST.

What is GST return ?

GST Return is a legal document that is to be submitted by the taxpayer as per the norms of GST.
Under this, a taxpayer has to give various details related to their business.
GST returns have information about output and input tax. Taxpayers have to give information about the tax applied on the things he purchased and the tax which is charged on the goods sold by him.
Thirteen different GST returns are classified as per rules of the government.
Returns are filed according to the business type. These are to be filed monthly, quarterly and annually.
Any delay in filing GST return from the return due date can lead you to pay late fees that is charged on late submission of return and interest which is charged on the basis of delay days.

How do I calculate GST?

You can calculate the amount of tax to be paid as GST with help of input and output tax invoices that are submitted by you. Different businesses and services are charged under rates of 5%, 12%, 18% and 28%.
GST calculator uses latest information provided by the central board of indirect taxes and customs to calculate GST.
For example, if you take the service of Rs. 20,000, on which a tax is applicable at rate of 12% then you can calculate GST by method cited below :
GST amount = percentage of tax × amount of service availed
= 12/100 × 20000 = 2400.
So, the amount of GST to be paid = Rs. 2400/-
Total amount needed to be paid to avail service = tax amount under GST + amount of service
= Rs. 2400 + Rs. 20000
= Rs. 22400

How to get GST registration?

Those who fulfill the criteria to file goods and services tax must get registered for GST.
You have to go to the official website of gst. Official portal of GST is www.gst.gov.in.
Then click on the ‘New Registration’ tab. Now, enter your details like name, PAN, business type, business name and address.
Then you have to enter your email id and mobile number.
You will have to verify your mobile number and email id by entering the OTP which is send to registered mobile number and email id.
You will also receive a temporary reference number.
You have to use a temporary reference number for permanent registration. First enter your temporary reference number then enter captcha and proceed further.
In next step you have to upload scanned documents like photographs, business details and bank details.
Then submit your application.
At the end you will get an application reference number and in this way you can register for GST.

What are 3 types of GST ?

Goods and services tax is categorized into three types of tax system.
Three types of GST are SGST, IGST and CGST. Tax that is collected under these three tax system is deposited to the central government and state government.
SGST is State goods and services tax which includes all state taxes. Central goods and services tax is abbreviated as CGST and this includes all the previously considered central taxes.
IGST is Integrated Goods and Services.
Tax is applicable to goods which are transferred from one place to the other place of different states.
IGST is divided between the central and state government.

GST Explained - Goods and Service Tax by Gst gov in
gst

www.gst.gov.in login is Government Official GST Portal. This Website provides all GST services including Pay GST Online, Registration for GST login, GST Return filing etc. Policystar provides you latest info on gst gov in login.

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