The full form of GST isGoods and Services Tax. It is an indirect tax levied on the supply of goods and services across India. This comprehensive tax system is designed as a multi-stage, destination-oriented tax applied at each point of value addition in the supply chain. By replacing multi...
A goods and services tax (GST) took effect in India on July 1, 2017. The GST is an indirect tax throughout India. It replaces other taxes and levies that are applied by the central and state governments, including Value Added Tax (VAT), Central Sales Tax, Excise Duty, and Commercial ...
The present research applied the situation–actor–process; learning–action–performance analysis framework for the case analysis. The facts reveal that India has observed a tremendous increase in tax base vis-à-vis revenue collection. Yet, some efforts are desired to improve the low tax to GDP...
If they have registered for GST, they are required to fill in the 15 digits GSTIN number, the date the GST is registered and the type of scheme applied to them. All the information filled in the fields has to be accurate.
Refund of GST or interest on GST has to be applied online. Can we file supporting documents for claiming refund of CGST, SGST or IGST? Is supporting documents filing for claiming interest on GST allowed online? Yes, supporting documents for claiming GST refund or Interest on GST also need to...
Applied GST Rates on Mobile Phone Before the debut of Goods and Sales Tax (GST) in India, Value Added Tax (VAT) was imposed on the purchase of all entities including mobile phones. VAT rates on mobile phones were different in different states. Read also: GST Impact on Mobile Phone Manuf...
The GST rate on 24 carat gold in India is 3%, applied to its value excluding making charges. Learn more about gold taxation and its impact on the market.
Posted Applied DeliveryChallan Modified Codeunit 12 Gen. Jnl.-Post Line Modified Codeunit 80 Sales-Post Modified Codeunit 16401 GST Management Modified Codeunit 16403 GST Application Management Modified Codeunit 16405 GST Input Tax Cr...
GST reform will also deeply influence the relations between different states in India. Considering that the GST is a kind of consumption tax, taxes levied on interstate transactions will flow to states where commodities ...
Under the Indian GST law, the supply of goods or services from one state to another is classified as interstate supply –on which the Integrated Goods and Services Tax (IGST) is applied. Features of export under GST scheme The goods and services can be supplied to outside India eithe...