- Regular Taxpayers collect and deposit tax at normal rates through GSTR 3B. Taxpayer/ businessperson with an annual turnover of Rs. 40 lakhs or below are exempted to pay or collect tax on supply of their goods or services. (Rs. 10 lakhs for North Eastern and Hilly States)
- Composition Scheme is allowed for small taxpayers with turnover up to ₹1.5cr or ₹75 lacs in specifiedstates. They have reduced compliance and pay tax as a fixed percentage of sales.
- Casual Taxable Person is a GST registration take for short-term purposes. The duration of the GST Registration under this category is 3 months and it can be extended or renewed.
- Input Service Distributors (ISD) means an office of the supplier of goods or services or both which receives tax invoices issued under section 31 towards the receipt of input services and issues a prescribed document for the purposes of distributing the credit of central tax, State tax, integrated tax or Union territory tax paid on the said services to a supplier of taxable goods or services or both having the same Permanent Account Number as that of the said office
- Tax Deductor at Source (TDS) – All Department or establishment of Centre / State Government, Local Authority, Government Agencies & Persons or category of persons notified by Central / State Government Governments, making contractual payments in excess of INR 2.5 Lakhs to suppliers need to register as a TDS under GST.
- Tax Collector at Source (TCS) for Ecommerce is liable to collect taxes while making taxable sales on behalf of other suppliers.
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