GST Glossary

GST (Goods and Services Tax) terms covering GSTR filing, HSN codes, e-invoicing, input tax credit, and compliance for Indian businesses.

10 terms
InventoryAccountingSalesPurchaseGSTManufacturingAll Terms
E-InvoiceAn electronically authenticated invoice generated via the GST portalE-Way BillA digital document required for transporting goods worth over Rs. 50,000GST (Goods and Services Tax)India's unified indirect tax on the supply of goods and servicesGSTR-1A GST return form for reporting all outward supplies (sales) detailsGSTR-2A / GSTR-2BAuto-generated GST returns showing inward supplies from supplier GSTR-1 filingsGSTR-3BA monthly self-assessed summary GST return for tax paymentHSN CodeA standardised numerical code to classify goods under the GST systemInput Tax Credit (ITC)GST paid on business purchases that can be claimed as credit against output GST liabilitySAC CodeA numerical code used to classify services under the GST systemTDS (Tax Deducted at Source)Tax deducted by payer when making payments above threshold and deposited with the government

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