Law4u - Made in India

Who is liable to pay GST, and how is it calculated?

11-Mar-2023
GST

Answer By law4u team

In India, GST (Goods and Services Tax) is a destination-based consumption tax, which means that it is ultimately borne by the end consumer of goods and services. However, GST is collected and paid by businesses throughout the supply chain, and they can claim a credit for the GST paid on their purchases (input tax credit) against the GST collected on their sales (output tax). The following entities are liable to pay GST: Registered Taxable Persons: Businesses whose turnover exceeds the GST threshold limit of Rs. 40 lakhs (Rs. 20 lakhs for special category states) are required to register for GST and are liable to pay GST. Casual Taxable Persons: Persons who occasionally supply goods and services in a taxable territory but do not have a fixed place of business in that territory are required to register as a casual taxable person and are liable to pay GST. Non-Resident Taxable Persons: Non-resident persons who supply goods and services in a taxable territory are required to register as a non-resident taxable person and are liable to pay GST. Tax Deductors: Certain businesses, such as government agencies and large corporations, are required to deduct GST at the time of making payments to suppliers, and are liable to pay GST on behalf of the suppliers. The calculation of GST is based on the value of the goods or services supplied and the applicable GST rate. The GST rate applicable to a particular good or service is determined by its classification under the four GST rate slabs (5%, 12%, 18%, or 28%). For example, if the value of a good is Rs. 1,000 and the applicable GST rate is 18%, then the GST payable on the good would be Rs. 180 (18% of Rs. 1,000). The total price of the good, including GST, would be Rs. 1,180.

GST Verified Advocates

Get expert legal advice instantly.

Advocate Dilwar Hussain Choudhury

Advocate Dilwar Hussain Choudhury

Anticipatory Bail, Breach of Contract, Civil, Court Marriage, Criminal, Divorce, Domestic Violence, Family, High Court, Labour & Service, Landlord & Tenant, Medical Negligence, Motor Accident, Muslim Law, Property, Recovery, Supreme Court, Wills Trusts, Consumer Court, GST

Get Advice
Advocate Sundar Lal Kol

Advocate Sundar Lal Kol

Anticipatory Bail, Arbitration, Armed Forces Tribunal, Bankruptcy & Insolvency, Banking & Finance, Breach of Contract, Cheque Bounce, Child Custody, Civil, Consumer Court, Corporate, Court Marriage, Customs & Central Excise, Criminal, Cyber Crime, Divorce, Documentation, GST, Domestic Violence, Family, High Court, Immigration, Insurance, International Law, Labour & Service, Landlord & Tenant, Media and Entertainment, Medical Negligence, Motor Accident, Muslim Law, NCLT, Patent, Property, R.T.I, Recovery, RERA, Startup, Succession Certificate, Supreme Court, Tax, Trademark & Copyright, Wills Trusts, Revenue

Get Advice
Advocate Raziya

Advocate Raziya

Anticipatory Bail, Arbitration, Armed Forces Tribunal, Bankruptcy & Insolvency, Banking & Finance, Breach of Contract, Cheque Bounce, Child Custody, Civil, Consumer Court, Corporate, Court Marriage, Customs & Central Excise, Criminal, Cyber Crime, Divorce, Documentation, GST, Domestic Violence, Family, High Court, Immigration, Insurance, International Law, Labour & Service, Landlord & Tenant, Media and Entertainment, Medical Negligence, Motor Accident, Muslim Law, NCLT, Patent, Property, R.T.I, Recovery, RERA, Startup, Succession Certificate, Supreme Court, Tax, Trademark & Copyright, Wills Trusts, Revenue

Get Advice
Advocate Ashish Panwar

Advocate Ashish Panwar

Anticipatory Bail, Armed Forces Tribunal, Bankruptcy & Insolvency, Breach of Contract, Child Custody, Civil, Consumer Court, Corporate, Court Marriage, Customs & Central Excise, Criminal, Cyber Crime, Divorce, Documentation, Domestic Violence, Family, High Court, International Law, Motor Accident, NCLT, Patent, R.T.I, RERA, Supreme Court, Trademark & Copyright, Wills Trusts, Cheque Bounce, GST, Labour & Service, Property, Insurance

Get Advice
Advocate Gokuldas

Advocate Gokuldas

Anticipatory Bail, Arbitration, Cheque Bounce, Breach of Contract, Banking & Finance, Civil, Criminal, Customs & Central Excise, Cyber Crime, Divorce, GST, Domestic Violence, Family, Landlord & Tenant, Medical Negligence, Motor Accident, Recovery, Succession Certificate, Wills Trusts

Get Advice
Advocate Puneeth Kumara N R

Advocate Puneeth Kumara N R

Anticipatory Bail, Arbitration, Armed Forces Tribunal, Bankruptcy & Insolvency, Banking & Finance, Breach of Contract, Cheque Bounce, Child Custody, Civil, Consumer Court, Corporate, Court Marriage, Customs & Central Excise, Criminal, Cyber Crime, Divorce, Documentation, GST, Domestic Violence, Family, High Court, Immigration, Insurance, International Law, Labour & Service, Landlord & Tenant, Media and Entertainment, Medical Negligence, Motor Accident, Muslim Law, NCLT, Patent, Property, R.T.I, Recovery, RERA, Startup, Succession Certificate, Supreme Court, Tax, Trademark & Copyright, Wills Trusts, Revenue

Get Advice
Advocate Aadil Khan

Advocate Aadil Khan

Court Marriage, Cyber Crime, Criminal, Domestic Violence, Documentation, High Court, Insurance, Family, Immigration, Divorce, Customs & Central Excise, Corporate, Child Custody, Cheque Bounce, Anticipatory Bail, Arbitration, Armed Forces Tribunal, Banking & Finance, Bankruptcy & Insolvency, Breach of Contract, Civil, Consumer Court, GST, Labour & Service, International Law, Landlord & Tenant, Media and Entertainment, Medical Negligence, Motor Accident, Muslim Law, Recovery, R.T.I, NCLT, Patent, Property, Succession Certificate, Startup, RERA, Supreme Court, Tax, Trademark & Copyright, Revenue, Wills Trusts

Get Advice
Advocate Ravi Sankara Reddy P

Advocate Ravi Sankara Reddy P

Anticipatory Bail, Arbitration, Cheque Bounce, Child Custody, Civil, Corporate, Criminal, Cyber Crime, Divorce, GST, Domestic Violence, Family, High Court, Insurance, Labour & Service, Landlord & Tenant, Media and Entertainment, Motor Accident, NCLT, Property, RERA, Recovery, Startup, Tax, Trademark & Copyright, Wills Trusts, Revenue, Banking & Finance, Bankruptcy & Insolvency, Breach of Contract, Supreme Court

Get Advice
Advocate S P Mithani

Advocate S P Mithani

Tax,Banking & Finance,Breach of Contract,Customs & Central Excise,GST,

Get Advice
Advocate Krishna Mohan Prasad

Advocate Krishna Mohan Prasad

Anticipatory Bail, Labour & Service, Customs & Central Excise, Cheque Bounce, Civil, Bankruptcy & Insolvency, Banking & Finance, High Court, GST, Tax

Get Advice

GST Related Questions

Discover clear and detailed answers to common questions about Breach of Contract. Learn about procedures and more in straightforward language.