GST Payments and Refunds | completely online processes | Certicom

After GSTR 1 and GSTR 2 entered by the seller must install GSTR 3 and make GST Payment. Also, if the refund is required, the same will be done by forming a refund application form.

A. Payments –

1. What are the payments to be made under the GST?

     Under the GST tax is paid mainly divided into 3:-

• IGST – paid delivery (charged to the centre) is made at the interstate
• CGST – paid when the supply in the State (Payable to centre)
• SGST – paid when the supply in the State (Payable to state)

CIRCUMSTANCES	CGST	SGST	IGST
Goods sold from Delhi to Bombay	NO	NO	YES
Goods sold within Bombay	YES	YES	NO
Goods sold from Bombay to Pune	YES	YES	NO

In addition to the above payments, the dealer is obliged to make these payments –

• Tax withheld at source (TDS) – TDS is a mechanism by which the tax is held at the dealer before making transfer vendor

For example –

A government agency provides a road builder laying contract. The contract is worth Rs 10 lakh.

When a government agency makes a payment the developer TDS @ 1% (equivalent to Rs 10,000) will be deducted and the balance amount will be paid.

• Tax amount of the source (TDS) – TDS is the mechanism by which the tax is deducted from the dealer before payment is made to the supplierThis provision is currently relaxed and will not be applicable for reporting by the government.
• Reverse charge – The obligation to pay tax shifts from the supplier of goods and services to the recipient. To find out more about the reverse charge, check out our article “Meet All About Reverse Charge under GSThttp://certicom.in/gst-payments-and-refunds-in-bangalore/