If I made a gstin number to sell online, then money will be deducted from my account every month​?? (This is my home work)
If you obtain a GSTIN (Goods and Services Tax Identification Number) to sell online, it does not necessarily mean that money will be deducted from your account every month. The GSTIN is a unique identification number required for businesses that are registered under the Goods and Services Tax (GST) in certain countries like India.
When you have a GSTIN, your business is required to charge GST on the products or services you sell. The customers purchasing from you pay the GST amount, which is then collected by you as a seller. The GST amount collected from customers is separate from the money you receive for the sale.
Periodically, usually monthly or quarterly, businesses are required to deposit the collected GST amount to the government. This means that the money collected as GST is not deducted from your account directly, but you are obliged to submit the collected GST to the authorities.
However, if you don't have any sales or are exempt from GST, there won't be any GST to collect or deposit. In such cases, there would be no monthly deduction of money from your account.
Keep in mind that the specifics of how GST works can vary depending on the country or region you are in, so it's important to check the relevant laws and regulations in your jurisdiction.