4. Has the GST rate on health insurance changed recently? No, the GST Rates on health insurance have remained unchanged at 18% since the implementation of GST in July 2017. However, there have been some updates and clarifications regarding exemptions and applicability on certain aspects like prev...
GST Circular 234/28/2024-GST dated 11-10-2024: Clarifications regarding applicability of GST on certain services Latest GST News and Updates in October 2024 GSTN has launched a new e-Services app to replace the e-Invoice QR Code Verifier App. This app allows users to verify e-Invoices, se...
Goods and Services Tax (GST)on laptops and computers is crucial in determining the final price of these devices in India. This article will explore theGST ratesapplicable to laptops, desktop computers, and various related devices, along with theirHSN codes. Whether you’re a business owner or ...
After having Discussion with all the states GST council took following decisions regarding applicability of E-way Bill system: Nationwide E-way Bill system will be ready latest upto 16 January, 2018 on trial basis. Trade and transporters can use this system voluntary basis from 16 January, ...
Aggregate TurnoverRegistration RequiredApplicability Earlier Limits for Sale of Goods/Providing Services Exceeds ₹20 lakh Yes – For Normal Category States Upto 31 March 2019 Exceeds ₹10 lakh Yes – For Special Category States Upto 31 March 2019 New Limits for Sale of Goods Exceeds ₹40 lak...
The company asked for the flavored milk applicability of GST at 5% from the advance rulings (AAR). An examination is furnished by the Bangalore Zonal Unit in context to the Directorate of GST Intelligence (DGSTI) and there will be a rejection to the application for the advance ruling. ...
Applicability of Updated Return More recent discussions | Post Related ThreadsWringly cess amount deposited Paid cess instead of sgst how to adjustment of gst input and output Input credit adjustment with new input tax credit rule Claim cess itc on softdrinks Applicability of flood cess on Aerated...
procedural aspect and create a single‚ unified Indian market to strengthen the economy. * Its effective implementation would change the tax administration and the manner of conducting business in India. In short‚ theGSTis likely to be a game changer for the industry. ITS APPLICABILITY *GST...
Aggregate TurnoverRegistration RequiredApplicability Earlier Limits for Sale of Goods/Providing Services Exceeds ₹20 lakh Yes – For Normal Category States Upto 31 March 2019 Exceeds ₹10 lakh Yes – For Special Category States Upto 31 March 2019 New Limits for Sale of Goods Exceeds ₹40 lak...
VAT’s ITC was limited by the state for most goods, leading to a cascading effect with taxes imposed at every stage of the supply chain. It hurt inter-state businesses with no ITC collection on interstate transactions. GST introduced an improved ITC framework allowing businesses to claim credits...