The three primary categories of Goods and Services Tax (GST) in India are CGST (Central GST), SGST/UTGST (State/Union Territory GST), and IGST (Integrated GST). These categorize taxes based on whether transactions are intra-state (within the same state) or inter-state (across different states).
Types of GST in India
CGST (Central Goods and Services Tax) SGST (State Goods and Services. IGST (Integrated Goods and Services Tax)
The R1, R2, and R3 in GST represent the GST R1, GST R2, and GST R3. Here the. R1 in GST represents sales return (outward supplies) R2 in GST represents purchase return (inward supplies) R3 in GST represents both sales return and purchase return (outward and inward supplies respectively)
TABLE 4A, 4B, 4C, 6B, 6C - B2B INVOICES - RECEIVER-WISE SUMMARY. In this table, you can add details of taxable outward supplies made to registered person. Additionally, invoices auto-populated from e-invoices will be available in this table. This page provides you the receiver-wise summary of the already added invoices ...
Currently the most common GST rates on goods in India are 0% or nil rated, 5%, 12%, 18%, and 28%. Two of the lesser common GST rates applicable to goods in India are 0.25% and 3%. In other cases, such as the GST composition scheme, slightly lower GST tax rates of 1.5%, 5% or 6% are applicable.
(3) Any registered person who opts to pay tax under section 10 shall electronically file an intimation in FORM GST CMP-02, duly signed or verified through electronic verification code, on the common portal, either directly or through a Facilitation Centre notified by the Commissioner, prior to the commencement of the ...
In the 56th GST Council meeting, the government approved a simplified structure (now implemented), reducing the old multi-tier system (0%, 5%, 12%, 18%, and 28%) to just two main slabs—5% and 18%—plus a 40% “sin & luxury” slab for select items.
Table 4A, 4B, 4C, 6B, 6C - B2B Invoices: To add an invoice for taxable outwards supplies to a registered person.
Types of invoice include commercial invoice, consular invoice, customs invoice, and proforma invoice. It is also called a bill of sale or contract of sale. Bill of Sale or Contract of Sale. Under the GST regime, an “invoice” or “tax invoice” means the tax invoice referred to in section 31 of the CGST Act, 2017.
Form GSTR-4A is an auto-drafted and view only form for composition taxpayer, created on basis of data from the saved/submitted/filed Form GSTR-1/A & 5 of their suppliers, where composition taxpayer is the recipient. The composition taxpayer cannot take any action in Form GSTR-4A and this form is only for view.
What is the difference between Form GSTR-3A and Form GSTR-3B? Form GSTR-3A is a notice issued to the taxpayers who have failed to file return in FormAnnual Return, Final Return or Collection of Tax at source by due date, whereas Form GSTR-3B is the simplified summary return filed by the taxpayers.
The GSTR 4 form is a document that helps taxpayers under the Composition Scheme to report their GST-related activities. This form is divided into 9 tables, each with a specific purpose, and helps the taxpayer accurately report their taxes.
Table 13 – Document Summary: Mandatory Filing: Reporting in Table 13 is now compulsory for all taxpayers from the May 2025 return period onward. Document types: Includes invoices, credit notes, debit notes, and revised invoices. Validation errors: If Table 13 is not filled, returns cannot be filed successfully.
• GSTR 3B is a summary return with revenue. implication. • GSTR 1 is a monthly/quarterly return with. invoice-wise outward supply details. • GSTR 2A is an auto-populated return.
GST in India has four components – CGST, SGST, IGST, and UTGST. The charge depends upon whether the transaction is intra-state or inter-state. The Central Government charges CGST, while the State Governments and Union Territories levy SGST and UTGST respectively, on intra-state supplies.
Meaning of GSTR-2B vs GSTR-3B
It acts as a verification tool, being auto-populated based on the GSTR-1, GSTR-5, and GSTR-6 filed by suppliers. On the other hand, GSTR-3B is a self-declared, monthly return that summarises a business's outward supplies, ITC claims, and total tax liability for that month.
India has four types of GST: Integrated Goods and Services Tax (IGST), State Goods and Services Tax (SGST), Central Goods and Services Tax (CGST), and Union Territory Goods and Services Tax (UTGST). This simple division makes it easy to tell the difference between interstate and intrastate goods.
Let's explore three key types of invoices, each tailored to specific scenarios and purposes, and discover when and why to use them:
Types of GST invoices- B2B & B2C
There are three types of GST invoices. 1, B2B GST invoices (Business to Business Invoice). 2, B2CL GST Invoices [Business to Consumer (Large Invoices)]. 3, B2CS GST invoices [Business to Consumer (Small Invoices)].
What is Form GSTR-1? Who is required to file Form GSTR-1? Form GSTR-1 is a monthly/quarterly Statement of Outward Supplies to be furnished by all normal and casual registered taxpayers making outward supplies of goods and services or both and contains details of outward supplies of goods and services.
A B2B invoice is issued for transactions between businesses, containing details like the supplier's and recipient's GSTINs, while a B2C invoice is issued for transactions between a business and a consumer and is simpler, with ITC claimable only on B2B purchases.
Inward supplies received from unregistered supplier[Taxpayer to report] To enter/ edit/view details of Inward supplies received from an unregistered supplier. Enter PAN details and select the supply type from the dropdown. Select the checkbox 'Reverse Charge' if the supplies are attracting reverse charge.
What are the correct GST slabs on goods and services? The GST rates in India have been simplified to three main slabs: 5%, 18%, and 40%. The 5% rate applies to essentials and common household goods, the 18% rate is the new standard for most consumer products and services, and the 40% rate is for luxury and "sin" goods.
Goods and Services Tax (GST) 2.0 reform, which came into effect from September 22nd, 2025, brought relief for the common people and boosts for businesses. One of the key GST updates under 2.0 reform is that it simplified the GST tax structure from a 4-slab (5%, 12%, 18% and 28%) to a 3-slab (5%, 18% and 40%).
List of exempted goods under GST in India: