Like CGST, SGST is also charged at a rate of 9% on health insurance premiums. 3. Integrated Goods and Services Tax (IGST) IGST is applicable on interstate transactions and is levied by the central government. For health insurance policies, IGST is charged at a rate of 18%, which is the...
1. What is the GST on MacBook? The GST on a MacBook is 18%, the same rate applicable to all laptops in India. 2. How does GST impact the price of laptops and computers? The tax rate on laptops and desktops has increased from 14-15% to 18% after the implementation of GST. This...
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...
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...
Earlier, there was confusion amongst the food business operators (FBOs) about the category of the fortified milk and the rate of GST applicable on it. Fortified milk was considered as a value-added product, and therefore, 12% GST was levied on it. ...
Applicable import duty after GST implantation How to calculate IGST under imports? Changes in IEC after GST Linking IEC with GSTIN in customs Import under EPCG after GST GST on imports by EOUs and SEZs Changes of operation of SEZ Does CVD exists under project imports?
As noted above, businesses must ensure that their POS systems and website checkout procedures accurately reflect and charge the applicable tax rate. If businesses intend to advertise which products are subject to the “holiday break” on ...
(v) Taxable value (v) Rate of TDS for IGST, CGST and SGST as applicable (vi) Amount of IGST, CGST and SGST as applicable, deducted as TDS Click here to know GST rate on Goods and Services GST Exemption list of goods and services ...
Financial Services are now expensive as there has been a 3% extra GST tax rate applicable to them. Recommended:- Are Restaurants Charging Correct GST Bills? Know the Complete Details Train Fare There is a hike but it will not impact much. There is a hike of 0.5% of the price of tickets...
GST is a single tax that has subsumed several indirect taxes that were previously levied on the sale of goods and services. It is applicable to the manufacture, sale, and consumption of all goods and services in India. This section will cover the following topics Why do we need GST? How ...