How is ITC Applicable on Diwali Gifts? Diwali is indeed the most propitious occasion for everyone in India. It is time to cherish by the way of gifting and celebrating with your family, friends, employees, and clients. There’s no contradiction to the fact that the auspicious gifts have utm...
Reverse charge mechanism under GST is a mirror image to the reverse charge mechanism which was under service tax as is applicable f Read More 01 Jan 1970Posted By: E-StartupIndia Scope of GST on Advocates There is a common perception in the market that providers of the legal services (...
(g) Harmonised System of Nomenclature code for goods or services;(Applicable-HSN/ SAC Code) (h) description of goods or services; (i) quantity in case of goods and unit or Unique Quantity Code thereof; (j) total value of supply of goods or services or both; (k) taxable value of the...
3. Applicable GST Rules: Section 129 of the CGST Act, 2017 says that things that are transported against the law can be held or taken away. The owner of the goods can pay the fine and tax, which is the full amount of tax that should be paid on those 100% goods, to get them back...
However, the said deemed value is applicable only where the following conditions are met: Recipient of the service (i.e., the borrower) is a related person of the supplier (i.e., the guarantor), Recipient of the service is located in India (since GST is not levied on export of ...
This rule applies when trading with companies that are registered as GST/HST liable in another EU country/region. If you do business directly with consumers in other EU countries/regions, then you should contact your tax authority for applicable VAT rules. ...
8.How to calculate GST on free supplies? GST is not applicable on free supplies or samples. In Tally.ERP 9, enable the optionUse separate actual and billed quantity columnsunder F11 > Inventory Features. Now, enter separate billed quantity and actual quantity including the quantity of free sup...
(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 ...
(Subject to prior booking and availability. Applicable only at “designated Centre”, during office hours (Mon-Fri). & non-cumulative.) - - ✔ Preferential discounts on Day Office/Meeting rooms – 20% (Subject to prior booking and availability. Applicable to all centers other than the “des...
Analyzing the percentage of tax applicable according to government guidelines Credit and Debit Note Issued to –Registered person for B2B trade Where to declare –Under registered in table 9B – Credit and Debit Notes Details Needed Receiver’sGSTIN ...