GST full form , what is full form of GST, gst full form name in english

gst full form , what is full form of gst, gst full form name in india

GST full form , what is full form of GST ?, gst full form name:

 GST full form   or  full form of GST ? , what is full form of gst in english ?  , these are the some common questions that are in the mind of people in INDIA, when GST is implemented on 1 July 2017. so, we have done deep research and published this article about GST. this article will tell you each and everything about gst. full name of gst, what is full form of gst in english ?, full meaning of gst is explained here. if you are an accountant or working in accouting job, then you should know about gst tax. it helps you in your work.




what is full form of GST ?

GST full form is Goods and Services Tax:

Gst full form is goods and services tax.  it is the biggest reform in indirect taxes since 1947.  after knowing gst full form , let talk about the main objective of implementing GST Tax.The Idea behind implementation of GST is to transform India into a uniform tax system. it has removed the tax barrier between the states.

gst full form , what is full form of gst, gst full form name in english

what is gst?

Gst is an indirect tax that have merged many indirect tax into one. The present tax system is very complicated. There are so many indirect tax at state or central level. To simplify this, India government have introduced GST.

Example: we pay vat on purchasing of goods, we pay entertainment tax on movies etc. Now there is one indirect tax in India after implementation of gst. As its name suggest, It is applied on both goods and services.  Gst is collected at each stages of sell or purchase of goods and services.

when is gst applied?

It is applied on services or goods at the place where final consumptions happens.

table of content:

1. what is gst full form
2. gst full form in different language
3. gst classification

4. Nortification 2018 – is gst2 and gst 3 working? or have gst 2 & gst3 suppended

5. what is gst rates in 2018
6.  when is gst applied?
7. Gst explanation with example
8. Frequently asked question answer about gst

9. What is gst taxation system in India
10. What is GST tax rates for service industries
11. Gst return Dates and form
12. GST  Explanation with Example
13. accouting entries of gst in tally software
14. Frequently asked question answer about gst



short snapshot about GST tax:

  • GST is implemented on 1 July 2017.
  • gst is indirect tax.
  • it was passed in the Parliament on 29th March 2017
  • there are 3 sub categories in gst tax – 1. CGST, 2. SGST and 3. IGST.
  • gst is one indirect tax for the entire country.
  • GST is levied at the point of consumption.


GST full form in different languages:

GST full form in English

Goods and Services Tax

GST full form in Sindhi

سامان ۽ خدمتون ٽيڪس

GST full form in Urdu

سامان اور خدمات ٹیکس

GST full form in Arabic

ضريبة السلع والخدمات

GST full form in Hindi

वस्तु एवं सेवा कर

GST full form in Marathi

वस्तू आणि सेवा कर

GST full form in Nepali

सामान र सेवा कर

GST full form in Bengali

পণ্য ও পরিষেবা কর

GST full form in Punjabi

ਗੁਡਸ ਐਂਡ ਸਰਵਿਸਿਜ਼ ਟੈਕਸ

GST full form in Gujarathi

સામાન અને સેવાઓ કર

GST full form in Tamil

பொருட்கள் மற்றும் சேவைகள் வரி

GST full form in Telugu

వస్తువులు మరియు సేవల పన్ను

GST full form in Kannada

ಸರಕು ಮತ್ತು ಸೇವೆಗಳ ತೆರಿಗೆ

GST full form in Malayalam

വസ്തുക്കളും സേവന നികുതിയും


Gst is classified into sub 3 categories in india:.

1. SGST- sgst full form is state goods and services tax. Consumer have to pay sgst tax if they sell and buy goods within the estate.

2. CGST: cgst full form is central goods and services tax.

Example: if Narender who lives in Delhi sells goods to Ravi worth rupees of 10000 rs ( Ravi also lives in Delhi). Here GST rate is 18% where 9 % is sgst and 9% is cgst. Then calculation of sgst and cgst will be following:

Narender will collect 1800 rupees gst tax where 900 rupees is SGST that will go to central government and 900 rupees is CGST that will go to Maharashtra state government.

3.IGST: IGST full form is integrated goods and services tax. It is applicable on inter estate supply of goods and services. Here, goods and services are not consumed where it is manufactured (state).

Example: if ravi in Maharastra sold goods to Mohan in Gujarat worth rupees of 1,00,000, then dealer has to charge 18% IGST tax (18000 rupees). It will go to central government.




Can we explain gst in india with example? : 

If you are looking for easiest way to learn about gst calculation, then you are right place. here we are going to show you simple and easy example of gst tax calculation in india. you can use this gst calculation formula.

GST Example 1 = Manufacture to Wholesaler – GST full form in english :

Particulars Without GST ( In Rupees) With GST (Rupees)
Cost of Production 5,000.00 5,000.00
Add: Profit Margin 3,000.00 3,000.00
Manufacturer Price 8,000.00 8,000.00
Add: Excise Duty @ 12% 960 0
Total Value for seller A 8,960.00 8,000.00
Add: VAT @ 12.5% 1120
Add: CGST @ 12% 960
Add: SGST @ 12% 840
Total Invoice Value for manufacturer 10,080.00 9,800.00



GST Example 2: Wholesaler to Retailer – GST  ki full form :

Particulars Without GST ( In Rupees) With GST (Rupees)
Cost of goods to Wholesaler For retailer A 8,960.00 8,000.00
Add: Profit Margin@10% 896 800
Total Value For Retailer B 9,856.00 8,800.00
Add: VAT @ 12.5% 1,232.00
Add: CGST @ 12% 1056
Add: SGST @ 12% 1056
Invoice Value for retailer A 11,088.00 10,912.00



GST example 3 – Retailer to Consumer – GST long form :

Particulars Without GST ( In Rupees) With GST (Rupees)
Cost of goods for Retailer B 9,856.00 8,800.00
Add: Profit Margin (10%) 985.6 880
Total Value for seller C 10,841.60 9,680.00
Add: VAT @ 12.5% 1,355.20
Add: CGST @ 12% 1,161.60
Add: SGST @ 12% 1,161.60
Total Price of goods to the Final consumer 12,196.80 12,003.20
Cost saving to consumer (in rupees) 193.60
Percentage of Cost Saving for consumer 1.6


If you are looking for gst accounting entries in tally software, then you are right place. Here we are going to tell you detail information about how can you do accounting entries in tally software or treatment of gst.

Here, we are assuming CGST @8% and SGST@8%




Gst entry calculationg Example 1

mr. a purchases goods of 10000 rupees locally ( in state)

The accounting entries will be below for this transaction.


Purchase account – dr.   10000

Input CGST -dr                   800

Input SGST -dr                   800

To Creditors                                     11600




Gst entry Example 2: if mr. A sold goods to mr. B for 15000 rupees within the state.

Debtors Account  – Dr. 17400
             To Sales Account 1,50,00
             To Output CGST Account 12,00
             To Output SGST Account 12,00





Gst entry Tax Example 3:  He paid legal fees of Rs. 5,00.


Legal fees Account  – Dr. 5,00
Input CGST Account – Dr. 40
Input SGST Account Dr. 40
   To Bank Account –Cr 5,80




Gst  entry Tax example 4  : He purchased some office furniture for Rs. 12,00.


Furniture Account – Dr. 12,00
Input CGST Account – Dr. 960
Input SGST Account – Dr. 960
             To xyz Furniture Account 13,92


Frequently asked question answer about gst in india – :


1. Are you liable to pay gst tax?

Business and companies whose total turnover sale is exceeding 20 lakhs per year are liable to pay gst. But if you live in special category state and north region, then the threshold limit change into 10 lakhs per year.



2. What is input tax credit in gst?

The GST input tax credit is the amount that can be adjusted towards output gst tax amount. It is just like input and output tax adjustment.

Example: if you have paid 10000 rupees as output gst and your input gst on purchases are 6000 rupees. Then, net gst payable will be = 10000- 6000 = 4000 rupees.

The formula of gst tax calculation = Output GST – Input GST.


3.What are the existing taxes that are subsumed into gst?

All the indirect tax like vat, service tax, custom etc have subsumed into gst tax. Now you will see only one indirect tax across the India.



4.What are the main benefit of gst?

One other the biggest advantage of application is gst is transparency on taxes. At present, if a consumer purchase any goods then he see only see the taxation part of estate level. But after application of gst, consumer can see the whole taxation part whether it from estate level or central level. Gst will crease ease to do business that will make entry level more effective. This new tax system are expected to bring growth in GDP around 2 to 3%. There are many item in which tax burden will remove.



5.What is gst tax rate on import or export of goods in India?

If you are deeling in importing of product, the you have to pay IGST (integrated goods and services tax).  There is no tax at Exporting of goods. Even you will get refund if you spend money on raw material and services.



6.What is the anti- profiteering scheme or mechanism in gst?

Anti-profiteering mechanism is the clause in gst that ensure the reduced tax burden passed to customer or consumer. It also prevent increase in price of goods and services. The anti- profiteerimg group will also apply some strategy for protecting consumer.



7.What are the authority behind gst decision? Or who takes decision regarding gst taxation in India?

Decision is taken by voting of union and estate member. Decision is taken by 75% weighted votes with majority.



8.What is input credit in goods and services tax(GST).

Input credit is the tax amount that can be adjusted toward output gat tax. There is a formula and adjustment entry of gst input and output tax which are as below:

Output gst account.. Dr
To input gst account.. Cr
To gst payable account..Cr

Gst calculation formula :
Gst payable = output gst – input gst

This gst calculation formula as as simple as vat calculation formula. You have to adjust input gst tax asamount toward output gst tax amount. If outpatient gat tax amount is eccess, then the remaining balance amount will be gst taxable amount. If input gst tax is more than output gst tax amount , the excess balance over output gst tax amount will be refundable.



9.What are gst 1 gst 2, gst2a, gst 3 , gst 3b?

Gst1: it is the detail of outward supply of goods and services. In short, it is sale return.

Gst2: it is detail of inward of suppy of goods and services. In short, it is purchase return.

Gst2a: it is auto populated form. It mean it will create automatically. This form is for purchaser of your company. But the help of this form, purchaser can check whether seller have filled corrent information about invoice or not.

10. is gst2 and gst3 working? or  have gstr 2 and gst3 suspended notification:

Note: gst 2 and gst 3 is despressed. It mean gst 2 and gst 3 is discontiue ( now, these form are disactivated on gst website). Now you dont need to file gst 2 and gst 3 return.

This option may be activate after december 2019. After activation of gst 2 and gst 3 form, every tax payer need to file it properly and timely.




The following is the list of indirect taxes in the pre-GST regime:

  • Central Excise Duty
  • Additional Duties of Excise
  • Duties of Excise
  • Additional Duties of Customs
  • Cess
  • Special Additional Duty of Customs
  • State VAT
  • Central Sales Tax
  • Luxury Tax
  • Purchase Tax
  • Entertainment Tax
  • Taxes on advertisements
  • Entry Tax
  • Taxes on lotteries, betting, and gambling




Some Important link for submitting GST Tax Return:

if you are looking for all important website related to gst. then you should visit below site. the 1st website is about Indian gov. gst website. it is useful for submitting of gst tax return online. even, you can get gst challan online for your payment. gst tax payment status and other status can be traced at site.

  1. GST Website: indian government have also launched a webiste for making easy submission of GST tax return.

2. you can create login id ( ) in above gst website with the login id and password that you have received in dvat website.

3. webpage for online payment of gst tax challan:  Online GST tax payment challan ( )

4.  if you want to check the status of gst tax payment, they you should go to here – check gst payment challan status ( )


GST tax rates updates after March 2018 – gst full name:

GST tax rates slap items under 5% GST tax rates slap items under 12% GST tax rates slap items under 18% GST tax rates slap items under 28%
Agarbatti Tooth powder Hair oil  
Apparels upto₹1,000 Work contracts, Headgear
Ayurvedic Medicine Almonds Pastries Hair clippers
Biomass Briquettes Ludo monitors
Braille paper Sewing Thread of Manmade Staple Fibres printed
Braille typewriters Diagnostic kits & reagents tissues
Braille watches Manmade Yarn kajal pencil sticks
Cashew nuts Jelly Pasta Aircraft for personal use
Coir mats Sewing machine After-shave items
Cullet or Scrap of Glass Nil Sewing Thread of manmade filaments computers
Domestic LPG Spoons Deodorants
Edible oils Nuts Vanity case Washing machine
Fertilizers Exercise books Branded garments
First day covers Chess board speakers
Fish fillet Non-AC restaurants Mixed condiments
Floor covering Umbrella Preparation for facial make-up
Footwear upto ₹500 Notebooks Footwear priced above ₹500
Frozen vegetables Jjam Chewing Gum/Bubble Gum Automobiles Motorcycles
Hearing aids Glasses for corrective spectacles and flint buttons circuits
ICDS Food Packages Preparations of vegetables Soups Paint
Insulin Tongs Detergent
Khakra & Plain Chapati Pickle Briefcase Water heater
Matting Forks Washing Powder
Medicines Fish knives tampons
Milk food for babies Fruits Suitcase Wallpaper
Packaged food items State-run lotteries Mixed seasonings
Packed paneer Chutney Ice cream Dishwasher
Paper Waste Skimmers toothpaste
Pizza bread Frozen meat products, Curry paste Weighing machine ATM
Plastic Waste Cake servers Shaving
Postage stamps Playing cards printers
Real Zari Apparel above ₹1000 Soap
Revenue stamps Carom board camera
Roasted coffee beans Murabba Chocolates Vacuum cleaner
Rubber Waste Ladles Shampoo
Rusk Packaged dry fruits Mayonnaise Vending machines
Sabudana Animal fat sausage, Salad dressings Aerated water
Skimmed milk Packed coconut water Preserved vegetables Ceramic tiles
Sliced Mango Fruit juice Cakes, Dye
Spices Namkeen Instant food mixes Pan masala
Stamp-post marks CCTV
Stent Mobile toiletries
Sugar Ghee Biscuits Waffles and wafers coated with chocolate
Tea Butter Flavoured refined sugar Sunscreen
Unbranded Namkeen Bhujia, Corn flakes Bidis


apart from above items, the following items are also categories under tax slab of 18% rates under gst tax after November 2017.  

Electrical transformer
Aluminium foil Furniture
Aluminium frames
Artificial flowers
Artificial fruits
Bidi Patta
Electrical boards, panels and wires
Leather clothing
Light fitting
Mineral water
Modelling Paste for Children
Multi-functional printers
Musical instruments and their parts
Optical fiber
Padding pools Swimming pools
Physical exercise equipment
Plain Shaft Bearing
Poster Colours
Razor and razor blades
Safety glass
Some Diesel engine parts
Some parts of pumps
Stationery items like clips
Steel products
Stones used in flooring, marble & granite
Washing and cleaning preparations
Weighing machinery (non-electrical or electronic)
Wrist watches





Gst tax overview:

In starting, as a normal every new tax Brings some complicity and doubts in the mind of tax payer. Gst have,also bring some taxation problem. People are not able to understand it at once, but gst online portal helped these taxpayer a lots for make them understand gst taxation systems. There are many online tutorial videos and PDF that is very useful for taxpayer. You can download this free tutorial by visiting gst online portal website.

You have seen many headline where it is states that many businessman and tax payer are struggling for filing correctly their first two month returns. As per my opinion, it is common to have some problem in stating if there is new rules or taxation system. If I talk about gst, it have also brought many tax relates problem, but these are for short time span.

Now in October 2017, if I talk about gst return filing problem and their solution, then I would like to say it is much easier than old taxation system.

Gst portal website is very helpful for dealing with any kind of gst related issue and problem of dealers and taxpayers.



Is gst shaking Indian economy?  Gst us launches at 1 July 2017 during many guess and  assumption of its impact on India economy. Some people is taking side of launching gst and giving statement that it will create one tax across India. In the other hand, many people is against of launching gst and giving statement that it will effect India economy in negative way.

It has made one tax for 17 states in India. This mean for these 17 state, central tax and local tax percentage and tax return is same.  There are 4 series of tax percentage in gst 5%, 12%, 18% and 28%.There is very big and clear thinking is Mr. Narender modi for doing all this tax changes. Modi ji wants to remove the complicated tax structure of India taxation system. By implementing of gst, modi ji have achieved their target up to some mark. Many other government goals are about to archives. Yes, there is some percentage downfall in Indian economy, but as far as I know that it is normal downfall that can be overcomes in upcoming few months.





What is gst taxation system in India?- gst full form :


What is gst tax rates in India?

Lets talk about rate of gst tax in india. As you know gst is applicable in india after 1 july, 2017. so, it becomes so important for accountant and company to know about latest gst rates in india for services industry or other goods. so that, they can do accounting work as per new taxation procedure. gst cousin had held meeting on 18 may, 2017 for finalizing the new tax gst rates. in this meeting, they have finalized the following gst rates in india. please find below gst tax rate list in india.


what is GST tax rates on goods:

the tax rates on commodities are different under gst tax scheme. you can see some product like cement has highest gst tax rate around 28%. on the other hand, some product like cotton has lower gst tax rate around 5%. it mean that it depends on the product that decide tax rate.

Commodities GST tax rates
FMCG goods like hair oil, soaps,Shampoos, toothpaste and chemical and industrial use intermediaries 18%
Ayurvedic, homeopathy medicines 12%
Cement 28%
Chocolates, chewing gum 28%
Cigarettes 28% + 5% cess
common used consumption food items such as spices, tea, coffee, mustard oil, sugar, vegetable, coal and Indian sweets NIL
Computer printers 18%
Cotton and natural fibre 5%
 milk, rice, wheat,cereals, fruits, vegetable, gur or jaggery , food grains, NIL
Footwear < Rs. 500 18%
Footwear = Rs. 500 5%
Fruit juices, butter, cheese, meets 12%
Gold, diamonds, Silver 3%
bikes, private jets, Luxury yachts 31%
electrinic toys, LPG stoves and military weapon 18%
tobacco, pan masala 28% + cess
Luxury cars 28% + 15% cess
fibre and yarn 18%
Mobile phones 12%
pickles, tomato sauce,fruid preserve, sauce etc. 12%
Pastries, pasta, soupescakes, ice cream 18%
Perfumes, pistols 28%
Pharma -first aid drug 5%
Processed foods 12%
Railway freight 5%
Readymade garments 12%
Silk or jute fibre NIL
Small cars ( diesel driven) 28% + 5% cess
Small cars (petrol driven) 28% + 1% cess
 TV,soft drinks, washing machine, refrigerator, microwave ovens; soft drinks and ac etc. 28%



What is GST tax rates for service industries:
the current GST rate is announce in INDIA. we have found that GST rates is different for different commodities. full form gst in india , gst full form name is already known by you after reading this post.

the following is the list of GST tax tare for service industries where you will see that some services have tax rates of 18% and other have other tax rates.

Services GST tax rates
5 star hotels 28%
AC restaurants with liquor license 18%
Airlines (Business class) 18%
Cab service – Ola, Uber 5%
Hotel room tariff — Rs. 2,500 – 5,000 18%
Hotels with tariff– Rs. 1,000 – 2,500 12%
Movie tickets < Rs. 100 28%
Movie tickets > Rs. 100 18%
Non AC restaurants 12%
all industries that deels in gems, textiles and  jeweller 5%
Railways (AC) 5%
Real estate – Work contracts 12%
Restaurants whose annual turnover is less than Rs. 50 lakhs 5%
Sleeper, passes, metro tickets NIL
Telecom industries and financial service 18%



the following are the latest updated about gst in india. you can also send some update and useful information by commenting.


Gst return Form in india – gst full form :

if you are looking for gst return form number for filing you company return, then following information is useful for you. there are 5 form under gst tax 2017.

these information is very helpful for accountant and CA.

GSTR 1 OUTWARD SUPPLY 10th of next month
GSTR 2B INWARD SUPPLY 15th of next month
GSTR 3B Monthly Return 20th of next month
GSTR 9 Annual Return 31 December of following year


What is benefit of gst bill ?- full form name of gst

    1. The entire Indian tax system will be uniformed into a single tax system which may translate into lower business cost as it was expected. It will reduced the or eliminate the various inter-state tax.
    2. The tax structure will be simple.
    3. Export oriented companies are the main beneficiary of gst bill as it is not applied on goods and services which are exported out of india.
    4. The suppliers, manufacturers, wholesalers and retailers are able to recover gst incurred on input costs as tax credits. This reduces the cost of doing business.
    5. Lower tax burden could translate into lower prices on goods for consumers. But, on the contrary side it will make several thing costly like, restaurants bills, mobile bills etc.
    6. Number of tax departments will reduce which in turn may lead to less corruption.
    7. Unorganized sector in india will come under tax regime.
    8. Most small business comes into the tax regime which will not cover under current scenario. It will increase the revenue for the government.



Get tax rates slab for the financial year april 2017 to march 2018. ( assessment year 2018 to 2019) – Gst full form :

Gst rate structure have been finalizes, fixed rate of 5%, 12%, 18% and 28% in India. it is biggest news that tax rate for get have been finalized. the final implementation date is 1 july, so that companies can implement it in their taxation system.there is one downfall in gst tax implementing, the goods in which higher tax is imposed can be ignored by the buyer, because they have to pay more tax on those kind of goods. that is why government is trying to solve this problem. it is assumption by big tax analytics that government may cut down some percent rate from high tax slab.

example: government can consider to refuse the tax amount on luxurious item from 28% to 26%.the higher tax rate may dis-motivate those industries have which high tax is implemented.

Key point of gst tax implement action in India – gst full form :

– government have given deadline time to July 1 for gst implementation.

-gst rate structure  will be in 4 categories. rate will be most probably 5% , 12% , 18%and 24%.

– if your company is situated in Delhi, then you can login Delhi value added (Dvat) site for apply your get number.

– all the information like new password and login I’d of gst registration will receive on dvat site.

– if you have 2 service tax number. in this case, you will received your company new get login I’d and password on your active service tax registration number. for that, you have to login in you active ST account and get the password and Id for gst.

-it is consider that all the tax filing procedure will be remain same for reducing the complexity of new tax implementation.

-get is a indirect tax that is application India after 1 July 2017.

– mostly country gave around 3 months to 1 year to its citizens for prepare for gst.

– is is proper to levy 4% get on gold product s.

– a higher tax rate of 40% may be implemented in state like Kerala.

– gst is one of the big changes in India tax structure after 1947.



1.What is full form of gst ?

The full form of GST is goods and services tax. It have removed all other taxes from india taxation system like cotome duty, vat , excise duty etc.



2. What is the journal entry of booking gst if there is service tax in invoice?

The entries are very simple to understand. If you know about the old entry of service tax then, it will be easier to you to understand the GST journal entry booking.



Old entry of service tax booking – gst full name :

Professional fees Dr.               10000

Service tax credit avail Dr.          140

Swatch bharat cess  Dr.              50

Krishi kalyan cess    Dr.               50

To tds on professional fees        Cr.                                         1000

To Party                                          Cr.                                               924









New entry of Gst booking if invoice has service tax – g s t full form:


Profesional Fees   Dr.                   10000

Input gst  Dr.                                      180

To tds on professional fees            Cr.                  1000

To Party                                               Cr.                 8820



frequently asked question answer about gst:

  1. what is rule of the applicability of gst as per state?

sgst and cgst id applicable if you purchase or sells good within  the state.

Example: if your company has head office in delhi and it purchase some goods from a dealer who lives within delhi. In this case, igst and sgst is applicable. The percentage of sgst and cgst is 9% . it may be differ according to states. It may be 14% in some state and total comes out 28%.

Igst is applicable when there is sell and purchase outside the states happens.Example:  if company that is established in delhi and purchases goods from mumbai. In this case, there will be igst tax applicable.


2. How should I check the invoice after get application?

1. There should be your gst number, address and company name in the invoice.2. Top of invoice should be written tax invoice. You can also write per forma invoice that means invoice amount may be changes as per requirement.3. There should be party’s name, get number and address in the  invoice.4. There should be clear mean of transportation that is mention in the invoice like it is courier , it is sent by hand or other means.5. If service and goods is consumed within the same state, then there should be application of SGST and CGST. But if the goods and services is consumed outside the state, then there should be application of IGST in the invoice.6. Gst tax rate is vary according to state, goods and service. Normally, igst has tax rate slab of 18% tax and CGST and SGST have 9% of tax slab. But in the case of vehicle hire, the igst tax rate is 5% that mean CGST and SGST, both have 2.5 % tax rate slab.7. In the case of non registered get dealer, if you deal with such kind of dealer, then you have to pay gst tax under the reverse mechanism method.


3.what is the validity of composition scheme of gst?

a person is considered to follow all rules and condition under composition scheme. his company is remain valid till he is paying tax as per composition scheme.



4.what is the treatment of issuing of invoice in composition scheme of gst ?

if you are under composition scheme of gst, then you should issued bill of invoice or supply invoice instead of tax invoice.



5. what will happen, if the person who is registered under composition scheme of gst purchase goods from a unregistered dealer?

if a person who is registered under gst composition scheme purchase goods and services from a unregistered dealer, then he has to pay gst tax under reverse charge at normal rates.

in the other case, if he purchase goods and services from a registered dealer, then he do not need to pay reverse tax charge under section 9(4).


6. What is the treatment, if a person under composition scheme cross the threshold limit of 50 lakhs?

if a taxpayer who is registered under composition scheme cross the turnover threshold of 50 lakhs, then he has to pay gst tax from the day on which he crossed the limit. gst full fork name in english.

example: if abc company cross the threshold limit of 50 lakhs under composition scheme on 15 December 2017, then he has to pay gst as normal taxpayer from the day (15 December) on which he has crossed the limit.


below are the search term though which visitor came here. some people search the term like gst full form, full form of gst, g. s. t full form, gst ki full form kya hai. etc. then they get answer from our pages.

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 now only,gst1 gst2a and gst3b are working. if you are looking for gst2 and gst3 form, then you will not find it on gst portal website.


Other gst full form :

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