This implies that exporters aren’t required to pay GST on their exports, and they can claim a refund of the GST paid on inputs and input services used in the manufacture of export goods or in the provision of export services. This article outlines the justification of GST, what it means...
Top GST News for the month of October 2024 October 2024 has been an eventful month for GST updates in India, with significant changes impacting businesses and taxpayers alike. These updates reflect ongoing efforts to modernize the GST framework, improve tax transparency, and ensure smoother ...
No GST applicable for Puffed rice, commonly known as Muri, flattened or beaten rice, commonly known as Chira, parched rice, commonly known as khoi, parched paddy or rice coated with sugar or gur, commonly known as Murki Pappad, by whatever name it is known, except when served for consumpt...
Pre-registration of credit card necessary for GST payment in India Is GST Registration required for a Job worker in India? We have applied for GST registration, but not obtained registration certificate. Can we claim ITC in India? Date of GST registration and date of eligibility to claim ITC ...
GST Calculation in Uttarakhand: For the calculation of GST, the taxpayer should know the GST rate applicable to various categories. The slabs for various types are 5%, 12%, 18% and 28%. 1,000 and the GST rate Suitable is 18%, then the net price determined will be = 1,000+ (1,000...
Relief in terms of late fees waiver and nil interest is provided for months Feb to April, filing has been within the extended GST Return due dates. For the remaining tax periods, these reliefs are not applicable. Tax period Due date for filing returns without relief Late fees is waived, if...
How to amend BL number in Import General Manifest (IGM) How to amend consignee (importer) name in Import General Manifest (IGM) How to amend container number in Import General Manifest IGM How to amend date of bill of lading in Import General Manifest (IGM) in India ...
place after issue of completion certificate by the competent authority. GST is applicable on sale of under construction property or ready …[Read more...]about Effective rate of tax and credit available to the builders for payment of tax are summarized in the table for pre-GST and GST regime...
Interpreting Time Limits for 80G Registration for Charitable Institutions: Avoiding Absurdity in the Law More Notes Notifications Cus -Exemption for imports of Yellow Peas [HS 0713 10 10] from applicable BCD and AIDC - Seeks to amend Notification No. 64/2023-Customs, dated the 7th December, 2023...
However, this scheme is applicable post exports; this means that duty-free imports will only be allowed once exports are completed. Duty Drawback Scheme (DBK Scheme) Under Duty Drawback Scheme (DBK), exporters are given compensation on customs and central excise duties incurred on materials used...