However, if a service exporter's annual turnover is less than the Rs 20 lakh exemption limit, the company isn’t needed to register for GST. What are the conditions of export of services? In accordance with Section 2(6) of the Integrated Goods and Services Tax Act of 2017, "export of...
Under the new GST system, the turnover limit for exemption has been raised to Rs. 20 lakhs. This change means that many service providers and small traders are now exempt from GST, simplifying their tax obligations. 2. Eliminates the Cascading Effects of Tax With the introduction of GST, bu...
What is the Time Limit / Validity of the Registration Certificate for GST? The time limit or validity period of the GST Registration Certificate varies depending on the type of registration and the specific circumstances of the business. According to the GST regulations, the validity period is as...
In a major breakthrough that paves the way for the rollout of the Goods and Services Tax (GST) from April 1, 2017, the Centre and the States have agreed to set an annual turnover limit for exemption from GST at Rs. 20 lakh, and reached a broad consensus on issues relating to dual...
The GSTN department has enabled the e-Invoice exemption declaration functionality on the GST e-Invoice portal. View more 13th July 2023 The CBIC will organise the online webinar on DRC-01B functionality for liability mismatch. HindiMarathiTamil 17-07-2023 20-07-2023 24-07-2023 Monday Thursday ...
service will meet your requirements, or that it will be uninterrupted, timely and secure, and that errors, if any, will be corrected. The material and information contained herein is for general information purposes only. Consult a professional before relying on the information to make any legal...
The impact on associated services such as labor, material suppliers, and service providers is determined by the amount of tax paid on these items and services. This will have ramifications for the real estate industry as a whole. A taxpayer who earns more than the exemption amount must register...
from the civil market, such as various police forces and Central Armed Police Forces. The company reiterated that it sees significant potential in this area, alongside opportunities from government departments and private enterprises, including geospatial data creators, providers, or ser...
It requires the service providers to have an active Import- Export Code (IEC Code) with a minimum net foreign exchange earnings to be eligible for a claim under the scheme. DUTY EXEMPTION/REMISSION SCHEME Advance Authorisation Scheme (AAS) Advance Authorisation Scheme allows duty-free imports of ...
The GST rate prescribed on the said service is 18 percent. Though, the Exemption Notification no. 12/2017 dt. 28.06.2017 (the entry number 12 of Exe Read More 01 Jan 1970Posted By: E-StartupIndia Concept of E-Way bill under GST Regime The Goods and Services Tax (GST), launched in...