Taxpayers must fill in their monthly or quarterly GSTR 1 form in January to avoid penalty charges. In this regard, you can read our guide on everything you need to know about form GSTR 1. Since 31st December is the due date to file GSTR-9 for a financial year, taxpayers who haven...
Section 12(4)(e) of the Goods and Services Tax Act 1985provides an exemption from GST for the goods covered by the reference 75 concession. This provision allows the portion of the freight and insurance charges relating to the $110.00 value of the goods to be exempt from GST charges. Ho...
Dear Sir Madam We charged freight charges on invoice and calculated GST on the same rate as applicable on goods But the same amount of freight paid to GTA Is GST to be paid on RCMalso Example Value of Goods 90000 Freight charges 10000 Taxable value 10000
I am regular reader of your portal on internet.information are very accurate and updates. I just want to know that pls publish an article of GST on job work charges on paddy and rice.is any gst job work charges applicable on milling of paddy and grading shorting of rice. If any privat...
How to calculate chargeable weight under airfreight in exports? How to check the time of contract on high sea sale transaction? How to Choose a product for export business How to cover the risk of Cargo loss or damage How to customs clear Cargo arrived in a port where in import license ...
GST Automated Return Scrutiny Module has been designed to select the GST Returns for the process of scrutiny. Its an effective tool to select the GST Returns based on the data analytics and system identified hazards.
Q. At what rate of GST will OOCL charge on Ocean Freight in case of import prepaid shipment? A. In such case, liability of paying tax rest on the importer under the reverse charge mechanism. **End**
Customer will pay charges including but not limited to any and all import duties, freight, shipping, and delivery charges or charges arising in connection with the delivery of the System, as well as VAT/GST charges, if applicable (collectively “Landed Costs”). ...
The tax is always paid on the Value of Import when goods are imported to Singapore. The import value will include any customs duty payable and the Cost, Insurance, and Freight (CIF), etc. The Singapore Customs charge the GST on the imports. ...
Postal charges or air freight or insurance is not taken into account to find the value of the product.NOTE: If the value of the gifts received is more than INR 10,000, the receiver has to pay Customs duty on the whole consignment, even if the goods were received free. I won the ...