A Malaysian company recently won a project to develop power plants in Sumatra from the Indonesian Government. The company is required to furnish a bank guarantee to ensure the project is done satisfactorily and on time. Will the commission charged on bank guarantee be subject to GST? The bank ...
GST Exemption List 2023. Exempted supply of Goods means NIL rated goods or wholly exempted goods and it also includes non-taxable supply of goods.
GST is not payable on Human hair, unworked, whether or not washed or scoured; waste of human hair Semen including frozen semen. GST on Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage is nil rate. GST is not payable on sale of Fresh vegetables...
Movement of Rigs, Tools & Spares and all goods on wheels on own account where such movement is not intended for further supply of such goods but for the provision of service does not involve a supply (e.g., movement of testing equipment etc.) and is not be liable to GST ...
Chapter 20 : Preparations of vegetables, fruits,nuts or other parts of plantsView Full Chapter Chapter 21 : Miscellaneous edible preparationsView Full Chapter Chapter 22 : Beverages, spirit and vinegarView Full Chapter Chapter 23 : Residues and waste from the food industries;prepared animal fodderVie...
Thus, the taxpayers need to understand not only the provisions regarding exemptions but also their implications to avoid any wrong application. So, before jumping to the list of non-gst goods, let’s first define what is an exempt supply under GST?
GST Returns, Advances received against a supply to be made in future Post sales discount under GST returns Procedures to assess credit note and debit note under GST Act Bills of Entry relating to Import under Goods and Service Tax (GST) ...
Integrated sewage treatment equipment is mainly used in residential quarters (including villas), high-end hotels, hospitals, comprehensive office buildings, printing and dyeing plants, chemical plants and other small wastewater treatment manufacturers and units. proc...
The supply and demand relationship in China's real estate industryhas made significant changes. The industry has shiftedfrom being primarily a supplier in the past to being primarily ademand side in the present. The way out for the transformationof the real estate industry is to build high- re...
In addition, energy shortages have led to certain manufacturing plants in China to curtail their operations at certain times. While we have not experienced any interruptions in our power supply, our manufacturing capabilities could be negatively impacted if our energy supply became less certain. ...