Q.what do you mean by registration under GST?

explain the advantages of taking registration in

GST?
Ans. 1.Registration under GST (Goods and Services Tax) means officially enrolling a business or
individual with the tax authorities to collect and pay GST in India. Once registered, the entity gets a
GSTIN (Goods and Services Tax Identification Number) which is a unique 15-digit number assigned by
the government. Following are Who Needs to Register in gst- a)Businesses with annual turnover
above the threshold limit (generally ₹40 lakhs for goods, ₹20 lakhs for services, varies by state). b)E-
commerce sellers. C)Businesses involved in inter-state supply. d)Voluntary registration is also
allowed Advantages of GST Registration-1.Legal Recognition-Your business is recognized as a
legitimate supplier of goods or services. 2. Input Tax Credit (ITC)-You can claim credit for the GST
paid on purchases, which can be used to pay GST on sales reducing overall tax liability.3. Ease of
Doing Business-GST registration enables businesses to trade seamlessly across states and online
platforms.4. Access to Larger Markets-Many big businesses and government agencies prefer dealing
only with registered vendors.5. Avoid Penalties=Unregistered businesses (if liable to register) can
face heavy fines and legal actions.6. Participation in Government Tenders-Many tenders require
GSTIN as a mandatory eligibility criterion.
Q. Who are the persons liable for registration under section 22 of cgst act?
Ans. Under Section 22 of the CGST Act, 2017, the following persons are liable for registration under
GST:1.Threshold-Based Registration:-Any person engaged in the supply of goods or services is
required to register under GST if their aggregate turnover in a financial year exceeds the following
thresholds:For Supply of Goods:Rs. 40 lakhs (for most states) Rs. 20 lakhs (for Special Category
States like Manipur, Mizoram, Nagaland, Tripura) For Supply of Services:Rs. 20 lakhs (for most
states)Rs. 10 lakhs (for Special Category States)2. Persons Already Registered:-Any person who was
registered under the existing laws (like VAT, Service Tax, etc.) prior to GST implementation is liable
for registration under GST.3. Transferee in a Business Transfer:-If a business is transferred (including
succession, amalgamation, demerger), the transferee or successor is liable to register from the date
of transfer or succession.4. Change in Business Constitution:-In case of change in the constitution of
a business (e.g., sole proprietorship becoming a partnership), the new entity must register.
Q. who are the persons exempt for registration under section 22 of cgst act ?
Ans. Under Section 22 of the CGST Act, certain persons are not liable to register under GST, meaning
they are exempt from registration even if they are making taxable supplies. Here's a list of such
persons:1. Persons below the threshold limit:-If the aggregate turnover in a financial year is below
the threshold limits, registration is not required:Goods: Rs. 40 lakhs (Rs. 20 lakhs for Special Category
States)bServices: Rs. 20 lakhs (Rs. 10 lakhs for Special Category States) 2. Exclusive supply of
exempted goods or services:-Persons engaged exclusively in the supply of goods or services that are
wholly exempt from GST or are non-taxable are not required to register.3. Agriculturists:-An
individual or HUF supplying produce out of cultivation of land is not liable to register.
Mandatory Registration under Section 24 of CGST Act-1. Inter-State Suppliers-Persons making
inter-State taxable supply of goods or services (exception: service providers with turnover < Rs. 20
lakhs are exempt via notification).2. Casual Taxable Persons-Those occasionally making taxable
supply in a state/UT where they don't have a fixed place of business.3. Persons Required to Pay Tax
Under Reverse Charge-E.g., importers of services or persons receiving goods/services liable under
RCM.4. Non-Resident Taxable Persons-Foreign suppliers making taxable supply in India.5. E-
commerce Operators-Platforms like Amazon, Flipkart, etc
Q. what do you mean by aggregate turnover and how it is calculated?Ans-Aggregate Turnover
refers to the total value of all taxable supplies, exempt supplies, exports, and inter-State supplies
made by a person having the same PAN, across all states and union territories in India.It is used to
determine whether a person is liable for GST registration and for eligibility under composition
schemes, threshold exemptions, etc. Components Included in Aggregate Turnover:1. Taxable
Supplies (within the state and inter-state)2. Exempt Supplies (goods/services not subject to GST but
not zero-rated) 3. Exports of goods/services. Excluded from Aggregate Turnover: 1.Inward supplies
on which tax is paid under reverse charge2.Taxes (CGST, SGST, IGST, UTGST, Cess) charged on the
supply3.Value of supplies between distinct persons (branches in different states under same PAN) if
GST is paid on them4. Inter-State supplies between branches having the same PAN Formula for
Calculation:Aggregate Turnover = (Taxable Supplies + Exempt Supplies + Exports + Inter-State
Supplies)- Taxes (CGST, SGST, IGST, Cess)- Inward Supplies under RCM
Q. what are the provision relating to voluntary registration and also explain the advantages and
disadvantages of voluntary registration?Ans-1.Under Section 25(3) of the CGST Act, any person who
is not liable to be registered under Section 22 or 24 may still apply for registration voluntarily.2.Once
voluntarily registered:The person becomes a "registered person".All provisions of the GST Act (like
tax collection, return filing, compliance, etc.) apply as if registration was mandatory.3.There is no
threshold limit applicable for voluntary registration — even with zero turnover, one can register.
Advantages -1. Input Tax Credit (ITC):-Can claim ITC on purchases (unavailable to unregistered
persons).2. Enhanced Credibility:-Boosts business reputation; often required when dealing with large
companies or government contracts.3. Inter-State Trade:-Enables making inter-State taxable
supplies, which otherwise may require mandatory registration.4. E-commerce Access:-Can supply
through e-commerce platforms like Amazon or Flipkart.5. Legal Recognition:-Gets a GSTIN, which
acts as a proof of business and may help in bank loans or partnerships. Disadvantages 1. Compliance
Burden:-Must file returns (monthly/quarterly/annually) even if no business activity happens.2. Tax
Collection Requirement:-Has to collect GST from customers and deposit it — this may raise prices
and deter customers, especially in B2C models.3. Penalties for Non-Compliance:-Non-filing or
incorrect filing may attract interest and penalties.4. Administrative Costs:-Involves cost for
accounting, software, CA/consultant fees, etc.
Q. explain the provisions of registration relating to casual taxable person and non resident taxable
person?Ans--A Casual Taxable Person is someone who occasionally undertakes taxable supply of
goods or services in a State/UT where they have no fixed place of business. Registration
Provisions:1.Mandatory registration under Section 24(i) – no threshold limit applies.2.Must apply at
least 5 days before commencing business using FORM GST REG-01. 3.Registration is valid for 90
days, extendable by another 90 days (via application).4.Must make an advance deposit of estimated
GST liability for the period of operation.5.Cannot opt for composition scheme.
A Non-Resident Taxable Person is someone residing outside India who occasionally supplies goods or
services in India, but does not have a fixed place of business in India.
A Non-Resident Taxable Person is someone residing outside India who occasionally supplies goods
or services in India, but does not have a fixed place of business in India. Registration
Provisions:1.Mandatory registration under Section 24(ii) – no threshold limit.2.Must apply at least 5
days before commencing business in FORM GST REG-09.3.Registration is valid for 90 days,
extendable by another 90 days.4.Must make an advance tax deposit equivalent to estimated GST
liability.5.Cannot opt for composition scheme.6.Must appoint an authorized representative in India.
Q.GST COUNCIL?
Ans. The Goods and Services Tax Council (GST Council) is a joint forum of the Centre and States to
make recommendations to Union and States relating to GST. GST council is the apex constitutional
body (authority) to decide policies of GST. The following are the important points as regards GST
Council:(a) The Article 279A in Constitution of India makes provision for Constitution of GST Council.
This Article empowers the President for the same.(b) The provisions relating to GST Council came
into force on 12th September, 2016. The President constituted the GST council on 15th September,
2016.(c) The function of the council is to make recommendations to the union and the states on
important issues like tax rates, exemptions, threshold limits, dispute resolution, etc.
FOLLOWING ARE THE MEMBERS OF GST COUNCIL-(a) The Union Finance Minister (Chairperson)(b)
The Union Minister of State in Charge of Revenue or Finance (Member)(c) The Minister in charge of
Finance or taxation or any other Minister nominated by each State Government (Member)
MEANING OF GST is a comprehensive indirect tax levied on the supply of goods and services in India.
It was introduced on 1st July 2017, replacing many indirect taxes like VAT, service tax, excise duty,
etc. GST follows the principle of "One Nation, One Tax", aiming to unify the Indian market.GST is a
destination-based tax, meaning tax is collected at the place of consumption, not production.Types of
GST:1. CGST (Central GST) – Collected by the Central Government.2. SGST (State GST) – Collected by
the State Government.3. IGST (Integrated GST) – Collected on inter-state transactions by the Central
Government and later shared with states.Advantages-1.Simplification of Tax Structure-Replaces
multiple indirect taxes with one unified tax.2.Reduces Cascading Effect (Tax on Tax)-Input tax credit
system avoids double taxation.3.Increases Transparency-Online filing and tracking make the system
more transparent.4.Boosts Business and Economy-Easier tax compliance, especially for startups and
small businesses.5Uniform Tax Rates Across India-Encourages inter-state trade and a common
market.6.Better Tax Compliance-Encourages businesses to register and pay taxes
properly.Disadvantages:1.Initial Implementation Challenges-Confusion, technical glitches, and lack
of awareness in early stages.2.Higher Compliance Burden-Requires regular filings
(monthly/quarterly), even for small businesses.3. Increased Operational Costs-Businesses may need
professional help for GST compliance.4.Impact on Certain Sectors-Some sectors like real estate and
textiles initially faced increased tax burdens.5.Multiple Tax Rates-Though unified, GST has 0%, 5%,
12%, 18%, and 28% slabs, which can still be complex.
MEANING OF Registration under GST means enrolling a business or individual under the Goods and
Services Tax (GST) law. Once registered, the person or business receives a unique GSTIN (Goods and
Services Tax Identification Number), which is used for collecting and paying GST to the government.It
is mandatory for businesses whose turnover exceeds the prescribed threshold limits or who fall
under specific categories like inter-state suppliers or e-commerce sellers.Need for GST Registration1.
Legal Requirement-Compulsory for businesses exceeding the threshold limit or specific business
types.2. Input Tax Credit (ITC)=Registered businesses can claim ITC on GST paid on purchases.3.
Collecting GST-Only registered entities can collect GST from customers.4. Business Expansion-GST
registration adds credibility and is often required for working with large companies or government
projects.5. Avoid Penalty-Unregistered businesses liable to register can face a penalty of ₹10,000 or
tax evaded, whichever is higher. Following are Who Needs to Register in gst- a)Businesses with
annual turnover above the threshold limit (generally ₹40 lakhs for goods, ₹20 lakhs for services,
varies by state). b)E-commerce sellers. C)Businesses involved in inter-state supply. d)Voluntary
registration is also allowed.
Casual Taxable Person (CTP): There may be a case where a person has a registered business in some
State in India, but wants to effect supplies from some other State in which he does not have any
fixed place of business. Such person needs to register in the State from where he seeks to supply as
a 'casual taxable person. As per Section 2(20) of CGST Act, 2017, "A Casual Taxable Person means a
person who occasionally undertakes transactions involving supply of goods or services or both in the
course or furtherance of business, whether as principal, agent or in any other capacity, in a State/UT
where he has no fixed place of business." A person coming in for exhibitions from outside the
state/Union Territory is an example of CТР.It is important to note that CTP cannot opt composition
scheme.Non-Resident Taxable Person (NRTP): There may be a case where a foreigner, who is not
registered under GST, occasionally wants to effect taxable supplies from any State/UT in India. Under
GST laws, such foreigner needs GST registration. Infact, such foreigner will have to register in the
State from where he seeks to supply. This type of person is known as Non-Resident Taxable Person
(NRTP).As per section 2(77) of CGST Act, 2017, "A Non-Resident Taxable Person means any person
who occasionally undertakes transactions involving supply of goods or services or both, whether as
principal or agent or in any other capacity, but who has no fixed place of business or
residence in India.
MEANING OF SUPPLY-Under the GST Act (Section 7 of CGST Act, 2017), “Supply” refers to all forms
of supply of goods or services such as sale, transfer, barter, exchange, license, rental, lease, or
disposal made for a consideration in the course or furtherance of business.Supply can be:Made with
or without consideration (in certain specified cases).The taxable event in GST is supply.Types of
Supply:a)on the basis of taxability1. Taxable Supply-Supplies on which GST is applicable.Example:
Sale of electronics.2. Exempt Supply-Supplies not chargeable to GST or taxed at 0%.Example:
Unprocessed milk, fresh fruits.3. Zero-Rated Supply-Exports or supplies to SEZ (Special Economic
Zones) with 0% tax but eligible for ITC refund.Example: Export of garments.4. Non-Taxable Supply-
Supplies outside the scope of GST.Example: Alcohol for human consumption.B.on the basis of good
supplied in conjunction 1.Composite Supply-Naturally bundled supplies with one being the principal
supply.Example: Mobile phone with charger.2. Mixed Supply-Two or more individual supplies sold
together for a single price, not naturally bundled.Example: Festival gift hamper with unrelated
items.C) on the basis of geo location 1. Inter-State Supply-Supply between two different states or
union territories.IGST is applicable.2.Intra-State Supply-Supply within the same state or union
territory.CGST and SGST are applicable.3.Supply in Territorial Waters-Supply made in territorial
waters (within 12 nautical miles from the Indian coast) is treated as made in the nearest coastal
State or Union Territory, for GST purposes.D) on the basis of flow-1.Inward supply-In relation to a
person, "inward supply" means receipt of goods or services or both, whether by purchase,
acquisition or any other means with or without consideration.2. Outward supply: In relation to a
taxable person, "outward supply" means supply of goods or services or both, whether by sale,
transfer, barter, exchange, licence, rental, lease or disposal or any other mode, made or agreed to
be made by such person in the course or furtherance of business.e)on the basis of Continuity 1)One-
time Supply: It simply refers to Supply of goods or Services which is provided or agreed to be
provided on non-recurrent basis as a Standalone Supply.2.Continuous Supply: The continuous supply
may be as regards goods as well as for services.
MEANING OF ITC--As per section 2(63) of the CGST Act, 2017 "input tax credit" means the credit of
input tax. Input-tax is defined under section 2(62) of the CGST Act as follows:-It means the Central
tax, State tax, Integrated tax or Union territory tax charged on any supply of goods or services or
both made to a registered person but does not include the tax paid under the
composition levyEligibility Criteria for ITC under Section 16(1):1. Registered Person:Only a person
registered under GST can avail ITC.2. Tax Charged on Supply-ITC can be claimed only on the input tax
charged on goods or services or both.3. Used for Business Purpose:The goods/services should be
used or intended to be used in the course or furtherance of business.4. Conditions & Restrictions:ITC
is subject to the conditions and restrictions prescribed under Rules and other sections (especially
Section 16(2), Rule 36, etc.).5. Credit to Electronic Ledger:Once eligible, the credit shall be reflected
in the Electronic Credit Ledger of the taxpayer.CONDITIONS✅ 1. Possession of Tax Invoice or
Document-You must have a tax invoice, debit note, or any other prescribed document issued by a
registered supplier.✅ 2. Receipt of Goods or Services-You must have actually received the goods or
services (or both).> 👉 In case of goods received in lots or installments, ITC can be claimed only on
receipt of the last lot.✅ 3. Tax Actually Paid by SupplierThe tax charged on the supply must have
been actually paid to the government by the supplier:Either in cash orThrough utilization of input tax
credit (via the supplier’s GSTR-3B return). 4. Filing of Return (GSTR-3B)-You must have furnished the
return under Section 39, i.e., GSTR-3B for the relevant tax period.⚠ Additional Provision - Payment
to Supplier within 180 Days.If you fail to pay the supplier within 180 days from the date of
invoice:The ITC availed will be added to your output tax liability along with interest.You can reclaim
ITC once payment is made later.
(Tax Deducted at Source)🔹 MeaninG-TDS is a tax that is deducted by the buyer (payer)
when making payment to the seller (payee), and then deposited with the government.🔹 Under
Income Tax Act:Deducted on salary, rent, interest, contract payments, etc.For example, if a company
pays ₹1,00,000 to a contractor, it may deduct TDS @1% (₹1,000) and pay ₹99,000 to the
contractor.🔹 Under GST (Section 51 of CGST Act):Certain notified persons (like government
departments, local authorities) deduct TDS @2% on payments made to suppliers if contract value >
₹2.5 lakh.
✅ TCS (Tax Collected at Source)🔹 Meaning:TCS is a tax that is collected by the seller (collector) at the
time of selling goods or providing services, and then deposited with the government.🔹 Under
Income Tax Act:Applicable on sale of certain goods like alcohol, scrap, minerals, etc.Example: If seller
sells scrap worth ₹1,00,000, he collects TCS @1% = ₹1,000 from buyer.🔹 Under GST (Section 52 of
CGST Act):E-commerce operators (like Amazon, Flipkart) collect TCS @1% on net value of taxable
supplies made through their platforms.
Basis TDS TCS
Who deducts/collects Buyer / payer Seller / e-commerce operator
When deductedWhile making payment At the time of sale
Who deposits Buyer Seller / e-commerce operator
Rate under GST 2% (1% CGST + 1% SGST) 1% (0.5% CGST + 0.5% SGST)
Applicable law Income Tax Act & GST Act Income Tax Act & GST Act
✅ Meaning of Exemption under GST:Exemption under GST refers to the relief from payment of tax
on certain specified goods or services or both. This means that:The supplier is not liable to charge
GST on such exempted goods or services.The recipient does not need to pay GST on these
supplies.These exemptions are provided by the government to reduce the tax burden on essential
goods/services and support priority sectors like healthcare, education, and agriculture.Exemptions
are granted under:Section 11 of the CGST Act, 2017 Section 6 of the IGST Act, 2017 The government
can issue notifications to exempt goods/services, either:Absolutely (without conditions), or
Conditionally (based on certain limits, usage, or criteria). List of goods exempt from GST:1. Fresh
fruits and vegetables – Unprocessed and naturally grown produce.2. Milk – Fresh, unflavored, and
unbranded milk.3. Curd – Plain, unflavored curd without branding.4. Bread – Unbranded and
without preservatives.5. Salt – Common edible salt.6. Gur (Jaggery) – Traditional unbranded
sweetener.7. Natural honey – Unprocessed and unbranded honey.8. Educational books – School and
college textbooks.9. Handloom fabrics – Traditional hand-woven cloth.10. Khadi – Hand-spun cloth
certified by KVIC.11. Human blood – Blood and its components for medical use.12. Unbranded flour
–Basic wheat flour sold loose or unbranded.13. Unbranded pulses – Lentils sold without packaging or
brand.14. Unbranded rice – Loose or non-packaged rice.15. Drinking water – Unpackaged and non-
mineral water.16. Firewood – Used as fuel in rural areas.17. Condoms and contraceptives – For
public health and population control.18. Bangles (non-precious metal) – Basic metal bangles19.
Sanitary napkins – For menstrual hygiene.20. Organic manure – Natural fertilizer for agriculture.
The Compensation Scheme under GST refers to the Compensation to States Act, 2017, which
ensures that states are compensated for any loss of revenue arising due to the implementation of
GST for a period of five years (from July 1, 2017, to June 30, 2022).Key Points:Purpose: To
compensate states for revenue loss due to GST.Base Year: 2015-16 was taken as the base year for
calculating revenue.Growth Rate: A fixed annual growth rate of 14% was assumed for projecting

revenue.Funding: Compensation is paid out of the GST Compensation Cess collected on certain
luxury and sin goods (like tobacco, aerated drinks, cars, etc.).Duration: Initially for 5 years, but
extended due to COVID-related revenue shortfalls.
MEANING IF Composition Levy refers to the method of tax payment under the Composition Scheme
in GST. It is a fixed rate of tax charged on the turnover of a small taxpayer instead of normal GST
rates. This scheme is designed to reduce the burden of compliance for small businesses.✅ Eligibility
for Composition Levy:1. Aggregate turnover in the preceding financial year is up to:₹1.5 crore
(normal states₹75 lakh (for special category states)2. The taxpayer does not engage in inter-state
outward supplies of goods.3. Does not supply through e-commerce operators liable to collect TCS.4.
Is not a manufacturer of notified goods (like pan masala, tobacco, ice cream).5. Is not engaged in
services (except restaurant service and some service providers under Notification 2/2019).6. Does
not collect GST from customers.7. Does not claim input tax credit (ITC).8. Displays “Composition
taxable person” on invoices and at the place of business.
📊 Tax Rates under Composition Levy:
Type of Business GST Rate
Manufacturers 1% (0.5% CGST + 0.5% SGST)
Traders / Dealers 1% (0.5% CGST + 0.5% SGST)
Restaurants (non-alcoholic) 5% (2.5% CGST + 2.5% SGST)
Service providers (optional) 6% (3% CGST + 3% SGST) – For turnover up to ₹50 lakh
DIFFERENCE COMPSITE-1.It includes two or more goods/services that are naturally bundled./It
includes two or more goods/services that are not naturally bundled.2.It is supplied together in the
normal course of business./It is supplied together for a single price, but not normally
bundled.3.There is a principal supply that dominates the supply./There is no principal supply; all
items are of equal importance.4.Tax is charged at the rate applicable to the principal supply./Tax is
charged at the rate of the item with the highest tax rate.5.It is defined under Section 2(30) of the
CGST Act./It is defined under Section 2(74) of the CGST Act.6.Examples: Mobile phone + charger,
Hotel + breakfast./Examples: Diwali gift pack containing sweets, chocolates, perfumes.7.Supplies are
dependent on each other./Supplies are independent and can be sold separately.8.It helps in
simplifying tax computation./It may result in higher tax liability.9.Bundling is based on customer
expectation or usual practice./Bundling is done for marketing or promotional reasons.10.GST
treatment is based on principal component./ based on the item with the highest GST rate

Point of Difference Credit Note Debit Note

1. Issued By Supplier Supplier
2. Issued To Recipient (Buyer) Recipient (Buyer)
3. Purpose To reduce the taxable value or tax charged in the invoice To increase the
taxable value or tax charged in the invoice
4. Reason - Returned goods-Excess charged-Deficiency in goods - Undercharged invoice-
Additional goods or services supplied
5. Effect on Tax Liability Decreases the supplier’s tax liability Increases the supplier’s tax liability
6. GST Reporting Shown in GSTR-1 of the month in which it is issued Shown in GSTR-1 of
the month in which it is issued
7. Impact on Buyer Buyer’s input tax credit (ITC) is reduced Buyer can claim more input tax
credit
8. Document Numbering Separate serial number for each financial year is required
Separate serial number for each financial year is required
9. Legal Basis Section 34(1) of CGST Act, 2017 Section 34(3) of CGST Act, 2017
10. Time Limit for Declaration On or before 30th November following the end of the financial year
or filing of annual return, whichever is earlier No specific time limit mentioned under GST
direct and indirect tax
1.defination-paid directly by an individual or an organization/collected by intermediaries from
consumers2.PAYING ENTITY--individual and businesses \and consumers
3.RATE OF TAX PAYMENT-based on incomes or profit / same for all tax payers
4.transferability of payment—cannot be transferred/transferable
5.nature of tax-progressive, i.e., its rate increases with taxpayer’s income./ Regressive tax, i.e., its
rate decreases with increase in income
6.tax evasion-high requires declaration of income/low embedded in prices harder to avoid
7.administrative cost-high involves assessment audits/low collected in routine transactions
8.BURDEN OF TAX-cannot be shidfted to another person/can be shifted to the end consumer

S.No Basis Goods Services

1.Definition Movable property other than money and securities. Anything other than goods,
money, and securities.
2.Nature Tangible – can be seen, touched, and stored. Intangible – cannot be touched or
physically stored.
3.Example Furniture, books, clothes, vehicles. Banking, insurance, transportation,
consultancy.
4.Time of Supply At the time of removal or delivery. At the time of completion or invoice
(whichever is earlier).
5.Tax Invoice Issued at the time of removal or delivery. Issued within 30 days of supply (or
45 days for some cases).
6.Place of Supply Based on movement and delivery of goods. Based on location of
recipient and provider.
7.Storage Can be stored and inventoried. Cannot be stored or inventoried.
8.Input Tax Credit (ITC) Allowed as per normal ITC rules. Allowed as per same ITC rules, with
minor procedural differences.
9.Transfer of Ownership Ownership of goods is transferred. There is no transfer of
ownership; only right to use or avail is given.
10.GST Treatment GST charged based on classification under HSN codes. GST charged based
on SAC (Service Accounting Code).
Point Forward Charge Mechanism (FCM) Reverse Charge Mechanism (RCM)
1.GST is paid by the supplier of goods/services/GST is paid by the recipient of goods/services2.Most
normal transactions fall under this mechanism/Applies to specific notified goods/services
only3.Supplier collects GST from the buyer/Supplier does not collect GST4.Supplier is responsible for
filing return and paying GST/Recipient is responsible for filing return and paying GST5.ITC is claimed
by recipient based on supplier’s invoice/ITC is claimed by recipient after paying GST to
govt6.Supplier must be registered under GST/Recipient must be registered under GST7.Invoice
contains GST amount and GSTIN of supplier/Invoice does not contain GST, as tax is paid by
recipient8.Used in general B2B and B2C sales /Used in case of unregistered supplier or notified
categories9.No special reporting for FCM transactions/RCM transactions must be separately
reported in GSTR-3B10.Examples: Sale of electronics, clothes, etc./Examples: Legal services from
advocate, GTA, raw cotton from agriculturist