The CBIC has clarified that grant of tenancy rights in a residential dwelling for use as residence against tenancy premium or periodic rent or both is exempt. Tenant-right is a term in the common law system expressing the right to compensation which a te
Implementation in India:In India, HSN codes are used under the Goods and Services Tax (GST) regime. Businesses must use HSN codes when filing GST returns, ensuring proper classification and taxation of goods. The number of digits required (4, 6, or 8) depends on the business’s turnover....
Sir Is there any difference on applicability of GST between a Medical Testing Diagnostic Centre and a Clinical Laboratory attached with a Nursing Home Regards - GST Others
Open Tax (India GST) by clicking the Designer button.Select the tax component CGST, and click the pencil icon, to check the detailed condition.The condition is actually an Electronic Reporting expression. It is comprised of the fields on the left in Data source, and Functions on the right....
E-invoicing under GST streamlines B2B transactions for GST-registered businesses. Learn more about e-invoicing and e-invoice applicability.
December 18, 2024Atul MittalGST India, Informative GST Articles 21 Minutes Read What is GST E-Invoice System? GST e-invoice is the introduction of the digital invoice for goods and services provided by the business firm generated at the government GST portal. The concept of a GST e-invoice ...
Therefore, companies need to be aware of GST on Clothes and Textile.After the introduction of the GST in 2017, the GST Council adjusted the GST on textiles, textile materials, apparel, and GST on clothes . The GST on Clothes, Apparel and Textiles in India were set by the Council as 0%...
While the taxation regimes followed by most countries tend to be intimidating and nerve-wracking, the key to understanding them is by starting to understand each of their nitty-gritty. In the case of GST in India, this involves understanding the FormsGSTR-1,GSTR-2A,GSTR-2B,GSTR-3B,the di...
Unlock Ad-Free CAclubindia and Daily Mobile Updates! Instant updates via WhatsApp at your fingertips! Daily E-Newsletter on GST, Income Tax, Finance & more 5% Off on Professional Courses And Much More! Subscribe Now (f) such body corporate, incorporated by any Act for the time being in...
Domestic Transfer Pricing: We help with domestic transfer pricing India. We will let you know domestic transfer pricing applicability process with our experts at IFCCL. The reality of Indian domestic transfer pricing regulations