A written decision by tax authorities clarifying tax liability or classification of goods/services before a transaction takes place.

The total value of all taxable supplies, exempt supplies, exports, and inter-state supplies of a person having the same PAN, computed on an all-India basis.

A mandatory return filed once a year by registered taxpayers, consolidating details of all monthly/quarterly returns filed during the financial year.

A unique number generated upon submitting a GST registration application or return, used for tracking the status.

Transactions where both the supplier and the recipient are registered under GST. Input Tax Credit (ITC) is usually available.

Transactions where the recipient is an unregistered end-consumer. ITC cannot be claimed by the recipient.

A document issued instead of a Tax Invoice by Composition Dealers or for exempt supplies. No tax is charged on this document.

A person who occasionally undertakes transactions in a state where they have no fixed place of business (e.g., Exhibition stalls).

The tax component collected by the Central Government on intra-state supplies. Usually 50% of the total tax rate.

The official website (www.gst.gov.in) managed by GSTN for registration, payment, and return filing.

A simplified scheme for small taxpayers (Turnover < ₹1.5 Cr) to pay tax at a lower fixed rate (1% to 6%) without ITC benefit.

A document issued by a supplier to a recipient when the value of invoice or tax charged needs to be reduced (e.g., Sales Return).

A document issued by a supplier to increase the taxable value or tax amount in the original invoice.

Supplies of goods where goods do not leave India but are treated as exports (e.g., Supply to SEZ).

A secure digital key used to sign GST returns and applications electronically. Mandatory for Companies and LLPs.

Any person who owns, operates, or manages a digital platform for electronic commerce (e.g., Amazon, Flipkart).

A system where B2B invoices are electronically authenticated by the GSTN for further use on the common portal.

An electronic document evidencing movement of goods of value > ₹50,000. Mandatory for inter-state transport.

Supply of any goods or services which attracts nil rate of tax or which may be wholly exempt from tax.

Every kind of movable property other than money and securities. Includes actionable claims, growing crops, etc.

Goods and Services Tax Identification Number. A 15-digit unique code assigned to every registered taxpayer.

A monthly/quarterly return containing details of all outward supplies (Sales) made by a registered person.

Auto-generated read-only statements showing Input Tax Credit available based on suppliers' GSTR-1 filings.

A self-declared summary monthly return used to report summary of sales, ITC claimed, and net tax payable.

Harmonized System of Nomenclature. An international 6-8 digit coding system to classify goods.

Tax levied on inter-state supplies and imports. Collected by the Central Govt and shared with the destination state.

Credit of GST paid on purchases that can be set off against GST liability on sales. Essential to avoid cascading tax.

A scenario where tax rate on inputs is higher than tax rate on output supplies (e.g., Textiles, Footwear).

An office of the supplier which receives tax invoices for input services and distributes the credit to other branches.

Processing or treatment undertaken by a person on goods belonging to another registered person.

Penalty charged for delaying the filing of GST returns. Currently varies based on turnover and delay duration.

A document filed by exporters to export goods/services without payment of IGST.

Two or more supplies made together for a single price which are not naturally bundled. Taxed at the highest rate.

Supplies carrying 0% GST rate (e.g., Grains, Salt). Distinct from Exempt supplies.

A foreigner who occasionally undertakes transactions in India but has no fixed place of business/residence in India.

Online Information Database Access and Retrieval services. Digital services provided from outside India to non-taxable online recipients.

The GST chargeable on taxable supply of goods or services made by a registered person.

The location of the supply, which determines whether the transaction is Intra-state (CGST+SGST) or Inter-state (IGST).

The primary location mentioned in the Registration Certificate where the taxpayer's books of accounts are kept.

Quarterly Return Monthly Payment. A scheme for small taxpayers (Turnover < ₹5 Cr) to file returns quarterly.

A person who is registered under Section 25 of the GST Act, usually having a valid GSTIN.

Mechanism where the recipient is liable to pay GST instead of the supplier (e.g., GTA, Legal Services).

Services Accounting Code. Similar to HSN, but used exclusively for classifying services (Chapter 99).

Tax collected by the State Government on intra-state supplies.

The taxable event under GST. Includes sale, transfer, barter, exchange, license, rental, lease, or disposal.

A person who is registered or liable to be registered under the GST Act.

Tax collected by E-commerce operators from suppliers selling through their portal (1% rate).

Government departments deduct 2% tax from payments made to suppliers for contracts exceeding ₹2.5 Lakhs.

A special ID granted to UN bodies, Embassies, and Consulates to claim refunds on taxes paid.

Union Territory GST. Levied in place of SGST in Union Territories without a legislature (e.g., Chandigarh, Ladakh).

Exports of goods/services or supplies to SEZ developers/units. Entire value chain is tax-free.