The GST officers have come to a conclusion by providing the businesses with a system through which it will become mandatory for them to generate ‘e-invoice’ for every sale on the government GST portal. This system will only be applicable to those whose turnover threshold is above the determ...
GST on freight - Know GST rate on freight charges, goods transport agent, the provisions for registration, tax liability and tax credit for GTA under GST.
According to CBIC Notification No.13/2020 – Central Tax no matter the size of turnover, e-invoicing isn't applicable for the time being to the following registered people categories: Notified businesses 1) An insurer or a banking company or a financial institution, including an NBFC 2...
‘Bill of Supply’ is created for which the above steps are equally applicable. The only difference: GST Tax cannot be charged in a Bill of Supply. The Tax Invoice and Bill of Supply have been explained below.
03/2024 relates to applicable paragraph 2(g) of Instruction No. 01 issued on 30th March 2024. Read more 13th August 2024 Guidelines for the second special all-India drive against fake GST registrations are now available on the official portal via Instruction No. 02/2024-GST. Read Instruction...
For imports or exports, it is mandatory to have an eight-digit HSN Code, irrespective of the turnover as the GST HSN Code must be compatible with applicable international practices and standards. Related Read:How to Register for GST Online: A Guide to GST Registration Process ...
Singapore has a special set of rules to determine whether GST is applicable on such gifts. In Malaysia, free goods provided to employees are not subject to GST if they are specifically listed in their employment contracts. A summary of the differences between Singapore GST and Malaysia GST are...
No GST applicable for Maize (corn) Rice is exempted to pay GST No GST on sale of Grain sorghum? GST is not payable on Buckwheat, millet and canary seed; other cereals such as Jawar, Bajra, Ragi] Nil rate of GST on Flour Aata, maida, besan etc. [other than those put up in unit...
⇒Ban on Sale of Acid in India: Overview February 12, 2025 More Articles Short Notes Rates of income-tax in respect of income liable to tax for the assessment year 2025-26. Tax rates under Part I of the First Schedule applicable for the assessment year 2025-26 ...
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 supplies/samples while recording the transactions...