Under the current GST regime, health insurance premiums attract a tax rate of 18% under the HSN code 997133. This rate is applicable across all types of health insurance policies, including individual plans, family floater plans, senior citizen plans, and critical illness plans. However, there ...
GST Rate and HSN Code in Construction Services GST, short for Goods and Services Tax, stands as an indirect tax that has superseded various other indirect taxes in India like excise duty, VAT, and services tax. The enactment of the Goods and Service Tax Act occurred in Parliament on March ...
iPhone’s HSN code Applicable GST rate percentage Total GST amount STEP 4:Timely Claim: Submit your GST claim within the same financial year as the purchase. STEP 5: File GST Returns:Use the GST portal to file your returns, including the claimed input tax credit. ...
The corresponding applicable rate of GST can then be looked up and used for filing. According to GST laws, the following table displays the HSN codes and GST rates for Plastics. The data presented is as displayed on the GST Portal of India....
Also, we have covered a detailed article for you about the new HSN Reporting Changes in GSTR 1 and GSTR 1A as per the new advisory. Now, let us look at GST due dates for February 2025. Here is a comprehensive image of our February GST Due Dates Calendar or GST Compliance Calendar. ...
GST Rate and HSN Code for Articles of Apparel and Clothing Accessories, Knitted or Crocheted TheGSTrateon clothesand textile fabric, along with the corresponding HSN codes, effective from 01.07.2017, are tabulated below: The above garments are further classified based on the fabric or material, ...
HSN Code Finding GSt Rate Finding Have any question regarding GST Click Here Our Mission Comprehensive and objective advice for all your financial questions Our Vision Professionally managed, low cost, and customized to your situation Important dates ...
The Harmonized System of Nomenclature (HSN) code is an internationally recognized classification system for goods. It is used to classify products based on their nature, type, and intended use. In India, HSN codes are used for the purpose of Goods and Services Tax (GST) rate determination. HS...
The GSTIN, places of supply, and HSN codes are mandatory details that must be included on GST-compliant invoices. Without these checks, SMEs may have to pay fines and penalties. Also Read - What Is E-Invoice In GST? Operational costs may increase due to GST The implementation of GST may...
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