The next webinar is going to be held on September 1st 2023, at 11 am IST on the topic “Best Practices to Handle and Respond to GST Notices”. You can register and join us for the free live session here: Join the Live Webinar. Additionally, our active involvement extends to ...
Before GST, various taxes such as VAT, excise duty, and customs duty were levied on gold. The introduction of GST simplified the tax structure by consolidating these multiple taxes into a single tax rate. Currently, GST is levied at 3% on the value of gold and 5% on making charges, repl...
The pharmaceutical companies practice of giving free products and samples are under consideration for goods and services tax. The companies who offer buy one get onefree kind offersor 20 percent extra quantity for the same price may now have to pay GST on the increase or extra product on offer...
GST is not applicable on free supplies or samples. In Tally.ERP 9, enable the optionUse separate actual and billed quantity columnsunder F11 > Inventory Features. Now, enter separate billed quantity and actual quantity including the quantity of free supplies/samples while recording the transactions...
Tax details must be set up to calculate GST on each line item sold or purchased. • Taxable supplies • GST-free supplies • Input taxed supplies You can enter BAS assignments for the tax details that will determine which amounts should be printed in each field on the BAS. You can ...
MageComp's Magento 2 GST extension can auto-create GST rules & rates and apply them to goods and services being sold on your Magento store. In this extension, all the tax rules and operations have been aligned to GST standards. Magento 2 GST also displays the GST summary in all order do...
That's why our team of experts provides comprehensive assistance to make the process hassle-free for you.Package Inclusion : -Expert guidance on the GST Migration process Preparation of all necessary documents Filing of GST Migration application Follow-up with the relevant authorities End-to-end ...
With the free GST calculator, you can calculate the tax amount in three simple steps. The tool provides you with three fields that have to be filled, and it calculates GST automatically based on what you fill in. Enter the price of the goods or services in the Amount field. ...
GePP-On – A Free e-Invoice Generation Tool Read More→ Best e-Invoicing Software for Businesses in India Read More→ Dynamic Quick Response (QR) Code on B2C invoices Read More→ Mandatory e-Invoice Implementation: Effective August 1, 2023, for Businesses Exceeding the 5 Cr Turnover Limit ...
Goods on arrival at the Customs department are classified into three categories. They include: Free Goodsthat are not subject to any customs duty. Goods for Home Consumptionthat are solely imported for self-consumption. Bonded Goodsthat are subject to customs duty, and can only be released only...