GST in India: Understanding the Payment Responsibilities
India's Goods and Services Tax (GST) is a vital component of the country's tax system, but it's often misunderstood, particularly when it comes to determining who is responsible for paying it, the buyer or the seller. This article dives into the mechanics of GST, explaining how it is applied in India’s complex market and who bears the responsibility for its payment. We will discuss the role of both buyers and sellers in the GST framework, while clarifying common misconceptions. Understanding these roles will help businesses and consumers navigate the GST landscape more effectively.
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