Who is liable to pay GST for services?

supplier
Generally, the supplier of goods or services 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 pays GST service provider or receiver?

B. Section 9(4) of the CGST Act states that if a vendor is not registered under GST supplies goods to a person registered under GST, then reverse charge would apply. This means that the GST will have to be paid directly by the receiver instead of the supplier.

Does service provider pay GST?

Like any other category of business, all the service providers should obtain GST registration, if the entity’s aggregated annual turnover exceeds Rs. 20 lakh per annum in most states and Rs.

Who are the person liable for registration under GST?

Who should register for GST? All the businesses supplying goods whose turnover exceeds INR 40 lakh in a financial year are required to register as a normal taxable person. However, the threshold limit is INR 10 lakh if you have a business in the north-eastern states, J&K, Himachal Pradesh, and Uttarakhand.

Is GST registration compulsory for export of services?

My all outward supplies are export services. In this case is it compulsory to register under GST? Yes. Since, exports are zero rated, one needs to register for GST to claim refunds.

Is GST registration mandatory for exempted services?

The Central Government has on 19th June 2016 via Notification No. 5/2017 exempted such persons from obtaining registration who are only engaged in making supplies of taxable goods or services, the total tax on which is liable to be paid on reverse charge basis by the recipient of such goods or services.

Who is liable to pay GST on GTA services?

13/2017- Central Tax (Rate) dated 28th June, 2017) are required to pay GST under RCM. Unregistered dealers (Anand) purchasing goods/services from unregistered GTA do not have to pay GST under reverse charge mechanism. If the URD hires from a registered GTA, then the registered GTA is liable to pay GST.

Who is liable to pay GST in case of import of goods?

Under the GST regime, an importer who is registered can use the IGST levied to them when importing goods as input tax credit. During the outward supply of goods by the importer, the input tax credit could be used to pay taxes such as CGST / SGST / IGST.

Who is liable to pay tax India?

Who Are The Tax Payers? Any Indian citizen aged below 60 years is liable to pay income tax if their income exceeds 2.5 lakhs. If the individual is above 60 years of age and earns more than Rs. 3 lakhs, he/she will have to pay taxes to the government of India.

Is GST payable on export services?

The export of goods or services is considered as a zero-rated supply. GST will not be levied on export of any kind of goods or services. A duty drawback was provided under the previous laws for the tax paid on inputs for the export of exempted goods.

Is service tax applicable on export of services?

Services that are deemed to be export of services are exempt from service tax. The service is not specified in the negative list of the service tax act. The place of provision of the services is outside India . The payment of service has been received by the provider in convertible foreign exchange.

What is the minimum turnover required for GST exemption?

This is very clear; however, the government has also set up the basic exemption limit for small suppliers of goods and services. Any person having aggregate turnover more than 20 lakh is liable to register under GST and hence needs to pay the tax as well.

Who is liable to pay GST?

Any person having aggregate turnover more than 20 lakh is liable to register under GST and hence needs to pay the tax as well. However, if you belong to the northeastern state, the you need to register if your turnover is more than10 lakh.

Who is liable to pay tax under reverse charge under GST?

The person liable to pay tax under reverse charge has to compulsorily get registered under GST irrespective of turnover being less than threshold limit. So, even if your turnover is less than INR 20 lacs, you will have to obtain registration under GST if you are liable to pay tax under reverse charge.

Which services are covered under forward charge under GST?

Taxable goods or services or both supplied by a registered person to a registered or unregistered person is covered under forward charge provided such goods or services are not notified for reverse charge. GST council in its 14th meeting has recommended 12 services on which tax shall be payable under reverse charge basis.