The Goods and Services Tax (GST) landscape in India is set for a significant shift with the introduction of the GST e-Invoice Rule Change 2025. This is because businesses will be required to upload their e-invoices to the Invoice Registration Portal (IRP) within 30 days of issuance. Thus,...
18% Standard2 Hair oil, toothpaste and soaps, capital goods, and industrial intermediaries are covered in this slab. 28% High Luxury items such as small cars, consumer durables like AC and refrigerators, premium cars, cigarettes and aerated drinks, and high-end motorcycles are included here.Y...
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In the case of Inter-state transactions, Integrated GST (IGST) is applicable. Essential Features of GST Multiple Tax Levels: India’s GST system has multiple tax rates, with four primary tax rates (5%, 12%, 18%, and 28%). Additionally, there is a “zero rate” for certain essential ...
10. What is the Purpose of adopting the GST HSN Code in India? The GST HSN Code in India aims for uniformity in taxing merchandise, aligning with other countries following the HSN system. This standardisation simplifies GST taxation and reduces international trade costs.gst...
Source:-timesofindia.indiatimes.comGst News Export Import News DateSubjectCompiled By 09-05-2022 A new and vibrant SEZ policy to boost Atmanirbhar Bharat campaign Exim Guru Team 03-05-2022 GoM likely to moot flat 28% GST slab for online gaming EximGuru Team 18-04-2022 GST: Imposition of...
The GST Council will most probably bring down the 28% rate in its upcoming meeting by reducing the GST rate on construction items like - cement. An official told "The idea is to keep only those items in the 28 per cent slab which are used for the luxury
Impact of constitutional amendment in Article 370 on Income Tax & GST in Kashmir A walk through new GST forms Supreme Court on Powers to Arrest under GST Act Update on GST-Construction done for landlord under Joint Development Agreements after April 2019 ...
18% Standard2 Hair oil, toothpaste and soaps, capital goods, and industrial intermediaries are covered in this slab. 28% High Luxury items such as small cars, consumer durables like AC and refrigerators, premium cars, cigarettes and aerated drinks, and high-end motorcycles are included here....
18% Standard2 Hair oil, toothpaste and soaps, capital goods, and industrial intermediaries are covered in this slab. 28% High Luxury items such as small cars, consumer durables like AC and refrigerators, premium cars, cigarettes and aerated drinks, and high-end motorcycles are included here....