All goods other than in frozen state and put up in unit containers is exempted to pay GST. GST concession on Meat of bovine animals, fresh and chilled. No GST payable on Meat of swine, fresh or chilled. GST on Meat of sheep or goats, fresh or chilled is nil rate. No GST payable o...
Contoso is located in India and sells ready-made clothes online in an e-commerce store. It receives an order for 10,000 rupees (Rs. 10,000), which includes tax in the amount of Rs. 1,525 and a commission in the amount of Rs. 200. Because the e-commerce store charges a commission...
On July 1, 2017, the Goods and Services Tax (or GST), a more straightforward tax payment method, was implemented. It is imposed on all parties involved in the supply of goods and services in the nation. To achieve uniformity in the indirect tax structure, service taxes, excise taxes, and...
e.Negative Impact on Some Sectors:While the GST has had a positive impact on the overall economy, it has also had a negative impact on some sectors, like the informal sector and the real estate industry. The real estate industry, in particular, has seen a slowdown in sales due to the h...
Contoso is located in India and sells ready-made clothes online in an e-commerce store. It receives an order for 10,000 rupees (Rs. 10,000), which includes tax in the amount of Rs. 1,525 and a commission in the amount of Rs. 200. Because the e-commerce store charges a commission...
Contoso is located in India and sells ready-made clothes online in an e-commerce store. It receives an order for 10,000 rupees (Rs. 10,000), which includes tax in the amount of Rs. 1,525 and a commission in the amount of Rs. 200. Because the e-commerce store charges a commission...
Contoso is located in India and sells ready-made clothes online in an e-commerce store. It receives an order for 10,000 rupees (Rs. 10,000), which includes tax in the amount of Rs. 1,525 and a commission in the amount of Rs. 200. Because the e-commerce store charges a commission...
Contoso is located in India and sells ready-made clothes online in an e-commerce store. It receives an order for 10,000 rupees (Rs. 10,000), which includes tax in the amount of Rs. 1,525 and a commission in the amount of Rs. 200. Because the e-commerce store charges a commission...
Contoso is located in India and sells ready-made clothes online in an e-commerce store. It receives an order for 10,000 rupees (Rs. 10,000), which includes tax in the amount of Rs. 1,525 and a commission in the amount of Rs. 200. Because the e-commerce store charges a commission...