In particular, for cigarettes, the specific cess constitutes the majority of tax revenue, and therefore, it must be revised regularly to protect revenue and keep real prices from falling. In addition, India should reintroduce excise taxation on all tobacco products, at least in part, on top of...
All products and plans Please note: this article has been prepared for informational purposes only. It is not intended to provide, and should not be relied on as tax advice. For any questions you should consult your own tax and/or legal advisors. If your business is located in India, lear...
The item sales tax group should be removed on products that are assigned an HSN or SAC code. Assign an SAC code to miscellaneous charges. Go to Accounts payable > Setup > Charges > Charges code, and select a charges code. On the Tax information FastTab, in the SAC or HSN code fiel...
In India, 5% of the GDP is spent on Health – and 4% by the private division and now the Indian healthcare industry has been exponentially developing in the current year, and the Ministry of Health is focusing on the advancement of 50 new innovations before the current year’s over to ...
The Goods and Services Tax (GST), introduced in India on July 1, 2017, aimed to streamline the country's complex tax structure and create a unified tax system. This ...
GST Products & GST Services Alankit GST SAP Solutions This is an exclusively designed SAP ABAP Add on that makes the GST Compliance hassle free for industries. What ASPscan expect from Alankit's GSP? GST Suvidha Providers are empaneled to provide API Gateway from GSTN and they are expected to...
In a federal structure, India's determination to much-needed fiscal reforms has been widely applauded at its face value when she relinquished her previ
Applicable on Central GST (CGST) Centre Intra-state supply of goods or services in India. State GST (SGST) States Intra-state supply of goods or services in India Integrated GST (IGST) Centre Inter-state supply of goods or services, Exports and Imp...
Applicable on Central GST (CGST) Centre Intra-state supply of goods or services in India. State GST (SGST) States Intra-state supply of goods or services in India Integrated GST (IGST) Centre Inter-state supply of goods or services, Exports and Imports. ...
FAQs on exports under GST What are the types of GST in India? The four different types of GST tax in India are: CGST: Central Goods and Services Tax SGST: State Goods and Services Tax UTGST: Union Territory Goods and Services Tax and IGST: Integrated Goods and Services Tax Is GST ...