For these transactions, the fields for the customer address and the registration number are required.Sign in to the POS. Enter the items, and then select Enter. Validate the GST calculations. Consider the rate that is defined in the tax setup. 展开表 Item/serviceUnit priceTax ratesCGSTSGST...
Create HSN and SAC codes for all goods and services. The GST rates that are applied depend on the HSN or SAC codes that are assigned to the goods or services. HSN:Go toTax>Setup>Sales tax>HSN code. SAC:Go toTax>Setup>Sales tax>Service accounting codes. ...
Goods and Services Tax (GST) will be a transformational restructuring of Indian taxation system by developing common unified national market and reducing cascading effects of tax on goods and services. This will lead to complete overhaul of indirect tax structure in India. The main objectives of ...
In a federal structure, India's determination to much-needed fiscal reforms has been widely applauded at its face value when she relinquished her previous complex and inefficient tax regime to embrace the long-awaited Goods and Services Tax (GST). It has been a significant economic move post-in...
Goods and service tax- an evolution of india tax regimeHimanshu Gupta
IGST – Integrated Goods and Service Tax Read More→ Goods Transport Agency under GST & GST on Transportation Read More→ GST Declarations Read More→ SAC Codes for various transportation services under GST Read More→ HSN Codes: Definition, Structure, Lookup Tool, & More ...
Goods & Service Tax (GST) is the largest indirect tax reform in India since 2017 act. We offer GST Advisory services: Advising on various GST related queries provides all types of GST Services and registration in Delhi NCR, Noida and Mumbai.
As far as the import of good and service is concerned, Indians are supposed to pay 5% tax on the shipping charges, no matter it is imported by an Indian company or foreign company. The condition, when the importer does not, has the value of taxable service by the shipping company, the...
Goods and Services Tax on Forex Transactions All foreign currency conversion transactions are subject to GST with effect from 01 July 2017. Value of service for the purpose of the levy of GST in case of purchase/sale of foreign currency is determined as per the table below on which GST @18...
India now imposes a 18% Service Tax on electronically supplied services sold by foreign entities to customers located in India effective July 1, 2017.