New RCM Liability & ITC Statement: What Businesses Need to Know Now, let us look at GST due dates for October 2024. Here is a comprehensive image of our October GST Due Dates Calendar or GST Compliance Calendar. It has all the GST Due dates for October 2024 so that you never miss an...
New RCM Liability & ITC Statement: What Businesses Need to Know Now, let us look at GST due dates for October 2024. Here is a comprehensive image of our October GST Due Dates Calendar or GST Compliance Calendar. It has all the GST Due dates for October 2024 so that you never miss an...
Is Letter of Credit LC safe for an Importer? The above information about GST rate on commodities under HSN code mentioned above commonly clarifies on questions explained under: Amount of GST tax on men's or boys' overcoats, crouch or knit etc. What is the GST rateonwomen's or girls' ov...
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 hassle-free The benefit of GST registration and ...
Let’s understand the concept of GST on gold and gold jewelry thoroughly. We’ll cover: What is GST on Gold? Impact of GST on Gold? How to Calculate GST on Gold? Example of GST on Gold? Different Rates Applicable on Gold GST Rates on Gold Jewelry Exemption on GST GST on Gold/ GST...
GST rates plus tax amount segregated into CGST/SGST/IGST/UTGST/cess Reverse charge if applicable Discounts, if any Handwritten or digital signature of the supplier or authorised representative If the recipient is not registered under GST and the invoice value exceeds ₹50,000, then the invoicing...
In case of failure to serve this notice period, GST officer shall pass the final order of GST cancellation along with the amount of net GST tax payable and the sum of interest or penalty. Q. What is the Late fee in case of Annual return GSTR-9?
Often, the GST is calculated by reducing the ITC from the outward tax liability. The TCS or the TDS will be deducted from the GST amount to get the final amount. Additionally, there may be late fees added, if applicable. It must be noted that Interest and late fees are also not eligib...
Where GST is included in the value of supply: GST Amount = Value of supply – [Value of supply x {100/(100+GST%)}] Examples for understanding GST calculation A manufacturer produces goods(10% tax rate applicable) worth ₹1,000and sends it to a warehouse for labelling & packaging. The...
Is GST applicable for export of services? Under the GST regime, exports of both goods and services are not taxed. You may request a refund of input tax credits (ITC) for inputs/input services used in exporting goods or services, subject to satisfying the requirements. What is the GST exem...