he said, the core sector industries, as well as crude oil, coal, cement and steel, during April 2009 have made a great mark on the economic graph “which has provided an assurance to
Complexity and Confusion: The existence of multiple GST slabs creates confusion for businesses and consumers alike. Different rates for similar items lead to complications in compliance and classification, resulting in litigation and disputes. For instance, the GST on cement is 28%, while essential ...
GST is not payable on sale of Fresh vegetables, roots and tubers other than those in frozen or preserved state Potatoes, fresh or chilled falls under GST exemption list What is the concessional rate of GST on Tomatoes, fresh or chilled. Onions, shallots, garlic, leeks and other alliaceous ...
Chapter 23 : Residues and waste from the food industries;prepared animal fodderView Full Chapter Chapter 24 : Tobacco and manufactured tobacco substitutesView Full Chapter Chapter 25 : Salt;sulphur;earths and stone;plastering materials, lime and cementView Full Chapter ...
GST is designed to simplify tax collection by applying tax at multiple stages, only on added value, and at the point of consumption. Below, we’ll walk through these features to show how GST works across the supply chain, ensuring a fair and efficient tax process. ...
Iron and steel furniture was fixed at 12.5% GST before. But the rate has gone up by a storm in recent years. Currently, the GST rate for steel and iron furniture is fixed at a rate of 28%. For manufacturers, the rate from 5% VAT has gone to 18% if or if not the furniture is ...
However, a closer scrutiny of local markets and trade centres reveal a completely different story. GST tax is being levied on the sale of Auto parts, iron and steel, hardware, cement etc by retailers. But these goods have been already taxed under GST at time of purchase. So any additional...
steel products, printed circuits, camera, speakers, Kajal pencil sticks, Headgear and parts thereof, Aluminium foil, Weighing Machinery (other than electric or electronic weighing machinery), Printers (other than multifunction printers), Electrical Transformer, CCTV, Optical Fiber, Bamboo furniture, Swim...
and research in emergent areas of higher education with a focus on new frontiers of Science, Engineering & Technology, Management Studies, Non-conventional energy resources, and Environmental Studies, and also to achieve excellence in these and connected fields. Five technical programs of the ...
19% Standard All other taxable goods and services 14% Reduced Various basic goods 9% Reduced Goods and services relating to agriculture; production and distribution of sugar and edible oils; goods and services relating to shipping; certain iron and steel products; internet services; electronic servic...