Taxable person liability: GST payable when turnover crosses threshold; CGST/SGST for intra state, IGST for inter state supplies. Liability to pay GST rests on the taxable person making a supply of goods and/or services, with obligation ordinarily arising when the taxable person ... Summary
Taxable person liability: GST payable when turnover crosses threshold; CGST/SGST for intra state, IGST for inter state supplies.
Liability to pay GST rests on the taxable person making a supply of goods and/or services, with obligation ordinarily arising when the taxable person crosses the prescribed turnover threshold, subject to specified exceptions that impose liability earlier. CGST/SGST applies to intra State supplies, while IGST applies to inter State supplies, each payable at rates specified in the schedules to the respective Acts.
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