Like all such taxes, there are few exceptions even under GST where goods or services are exempt from tax liability. Such exemptions on specified goods or services are granted by the government based on certain conditions. Hence, while determining the tax liability underGST, one needs to check f...
Do I need to register my E-commerce startup under GST, if I exclusively deal in 100% exempted goods from GST? As a taxpayer, in order for you to be indifferent between the after-tax returns on a corporate bond paying 8.50% and a tax-exempt municipal bond paying 6.12%, what wo...
Get list of exempted list of goods and services under GST. Over 80 services have been notified as exempted services under GST taxes in India.
The Odisha Authority of Advance Ruling (AAR) held that there will be no Goods and Service Tax (GST) on the grounds ofreverse charge which is applied to the Supply of serviceto Odisha Power Transmission Corporation Limited. The petitioner is the owner of the Electric power company service limit...
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Learn about the purchase of exempted goods, including step-by-step processes for validating tax details and posting purchase invoices.
GST Refund for Zero Rated Supply The goods and services used by the supplier to produce zero-rated supply may not be exempted from any tax. Thus, the supplier shall be eligible to claim input tax credit in respect of such goods or services used for the supplies. Under GST, a taxpayer ca...
Purchase from Composite Vendor or Purchase of Exempted Goods and Services with No GST Impact 發行項 2022/06/22 4 位參與者 意見反應 本文內容 Create a purchase invoice See Also A composite vendor is a vendor whose aggregate turnover in a financial year does not exceed fift...
The two judges Ms Manasa Gangotri Kata and Thiru Kurinji Selvaan V.S held that the above Provision of supply but excused which is enforced from October 13, 2017, the petitioner is not sanctioned to claim the credit of tax given on the concerning buying of goods and services On 28th Jun...
Purchase from Composite Vendor or Purchase of Exempted Goods and Services with No GST ImpactArticle 06/22/2022 4 contributors Feedback In this article Create a purchase invoice See Also A composite vendor is a vendor whose aggregate turnover in a financial year does not exceed f...