GST rates in India are divided into multiple slabs, each serving a distinct purpose in the taxation system. The primary slabs are 5%, 12%, 18%, and 28%. These rates are determined based on the nature of goods and services and their necessity or luxury status. Essential items are taxed ...
consumers are now preferring to buy goods from physical stores, where they can avail of tax exemptions on items such as clothes, footwear, and food items. This has resulted
India Retailing is the one-stop source for News, updates, intelligence, articles, & analysis on Retail Industry trusted by business leaders.
India Retailing is the one-stop source for News, updates, intelligence, articles, & analysis on Retail Industry trusted by business leaders.
GST rates are divided into four main slabs: 5%, 12%, 18%, and 28%. There are also some special rates, such as 0%, 0.25%, 3%, and cess, for certain items. The GST Council periodically revises theGST Ratesbased on various factors, such as revenue collection, economic growth, inflation...
No GST on Cereal groats, meal and pellets, other than those put up in unit container and bearing a registered brand name Flour, of potatoes.fall under GST exempted items No GST payable for sale of Flour, of the dried leguminous vegetables of heading (pulses), of sago or of roots or tu...
Additionally, tax rates on items have been reduced from 18 per cent to 12 per cent include refined sugar, condensed milk, diabetic food, medical grade oxygen, hats, and bamboo/cane furniture. Whether MRP will Increase or Decrease after GST ...
Govt proposes 20% GST on goods, 16% on services Finance Minister Pranab Mukherjee on Wednesday proposed a three-rate structure for the Goods and Services Tax - which will simplify the indirect tax regime. Under this goods will attract 20 percent
Top 25 in India - Consultants Review Researchers have found out that organization using new technologies in their accounting and tax have better productivity as compared to those using the traditional methods. Complying with the recent technological trends in the accounting industry, Enterslice was forme...
India established a dual GST structure in 2017, which was the biggest reform in the country's tax structure in decades.9The main objective of incorporating the GST was to eliminate tax on tax, ordouble taxation, which cascades from the manufacturing level to the consumption level.10 ...