GST is charged and collected on all taxable goods and services produced 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:-

i.    GST 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.
iii.    If there is deficit, businesses can claim for refund from the government.