GST is charged and collected on all taxable goods and
in the country including imports. Only businesses registered under GST
can charge and collect GST. GST collected on output must be remitted to
the government. However, businesses are allowed to claim the input tax
credit through the following mechanism and method:-
collected on output (output tax) is deducted against the GST paid on
input (input tax).
ii. If there is excess, the amount shall be
remitted to the government within the stipulated period.
there is deficit, businesses can claim for refund from the government.