GST on Mobile Phone Repair Services and Spare Parts Mobile phone repair services are subject to an 18% GST rate, which covers labor charges for repairing the device. For spare parts used in repairs, such as display screens, headphone jacks, batteries, and internal components, the applicable ...
Support GST on project module Microsoft Dynamics 365 Finance (8.0) GA configuration 7.3 with KB#4094699 and KB#4135145 Taxable Document.version.64.xml Taxable Document (India).version.64.117.xml Tax (India GST).version.64.117.221.xml Support GST on Bank charge 7.3 with KB#4094699, KB#413514...
Are charges for bankers’ drafts/ money order/ cheque order subject to GST? Issuance, collection, amendment and stop payment charges are exempted from GST.Derivatives Will commission, brokerage and other service fees on the Derivatives Clearing & Execution Account be subject to GST? Commission, br...
GST bank charges transaction GST TDS/TCS GST adjustments/periodic activities GST Cess GST on service management GST input service distribution TDS TDS for customer TCS Voucher interface Fixed asset Gate entry Subcontracting Stale cheque Italy
My all banks are charging bank charges with GST on Bank charges. Example: Bank charged Rs. 250 from my account as Bank Charges. In this case, the bank charges CGST and SGST @ 9% each because GST on Bank Charges and interest is 18%. So the entry will be like this:Bank Charges...
No GST payable on sale of Judicial, Nonjudicial stamp papers, Court fee stamps when sold by the Government Treasuries or Vendors authorized by the Government, Postal items, like envelope, Post card etc., sold by Government, rupee notes when sold to the Reserve Bank of India & Cheques, lose...
Per Malaysia GST regulations, GST will be applied to the bank charge. The bank will provide a GST invoice to you, and you can claim the GST input tax. The tax authority will expect to see that the bank charges are considered purchases in the GAF that is generated. In such cases...
Interest on Late Payment of GST Late payment of GST attracts interest charges as per the provisions of the GST law. Here’s a detailed look at how it works: 1. Interest Rate for Late Payment 18% Per Annum: This interest rate is applicable if there is a delay in paying the GST liabi...
To set up GST on bank charges deemed value setup See Also As per GST Law, GST is applicable on bank charges and ITC can be availed for specified services. As per Rule 54(2) of CGST Rules, 2017, Banks shall issue a tax invoice or any other document in lieu of tax invoice....
GST payments of Cheque or DD from another bank GST payment by Cash and same bank Cheque or DD How many copies of challans for GST tax payment? How does Bank work on GST tax payment? How to pay GST tax through Bank? Cash, Cheques or DD payment under GST, Goods and Service Tax ...