States: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana or Andhra Pradesh Union territories: Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep Category 2 States: Himachal Pradesh, Punjab, Uttarakh...
1.5 crore (Rs. 75 lakhs for specific states). This option has achieved a significant reduction in the applicable tax rate and a considerable reduction in compliance burdens. In weighing the advantages and disadvantages of GST, this pointer proves vital. Litigation is reduced, and the process is...
GSTN has added four new states (Jharkhand, Karnataka, Rajasthan, and Tripura) for credit and debit card payments on the GST portal. 31st January 2024 As per Notification No. 78/2020 e-way bills will require reporting of 4/6 digit HSN code from 1st February 2024. 24th January 2024 The ...
How do I set an HSN code on my products? Does Shopify provide a GST-compliant bill? Do I need to register for GST? It depends. In general, GST registration is mandatory if your business meets any of the following conditions: Your turnover in a financial year exceeds Rs 20 lakhs (Rs ...
Sales tax is a consumption tax imposed by the government on the sale of goods and services. Sales tax is governed by states and may also be charged by local municipalities, so thepercentage may vary from one city and state to the next. You can read more about sales tax atusa.gov. ...
The implementation of GST and new GST slab rates has brought several advantages to mobile phone dealers: Simplified Tax Structure: The uniform 18% GST rate across India under HSN code 8517 replaced the complex VAT system, reducing compliance burdens and operational complexities. Input Tax Credit (...
GST rates for mobile phones is 18% and the HSN code is 8517. When SGST & CGST or IGST is Applied? As mentioned, 18% GST has to be paid by the customer on the purchase of mobile phones. If the customer is buying a phone from the dealer within state premises then that 18% will ...
After the successful completion of a transaction, e-FPB of the concerned bank will create a unique Challan Identification Number (CIN) against the CPIN. This will be a unique 17-digit number containing 14-digit CPIN generated by GSTN for a particular challan and unique 3-digit Bank code (...
* Apple, Apple logo and iPhone are trademark of Apple Inc. registered in the United States and other countries. App Store is a service mark of Apple Inc. * IOS is a trademark or registered trademark of Cisco Systems, Inc. registered in the U.S. ...
The next, i.e., the thirteenth digit is based on the number of registrations within a state The second last digit of all GSTIN numbers is “Z” The last digit will be a check code that can be an alphabet or a numerical How to Apply for a GSTIN?