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...
Zinc and Zinc articles falls under HSN code chapter 79 of GST commodity tariff schedule. The details about GST rate changes for sale of Zinc and Zinc articles are being updated here. The notification changes on exemptions for GST for sale of Zinc and Zinc articles and other circulars related ...
Zero percentage GST on sale of live bovine animals Zero percent GST on purchase of live swine Nil rate on sale of Live sheep Zero percentage GST on purchase of live goats GST taxable rate on Dried, salted fish fit for human consumption business Waived GST on purchase of cooked barnacles GST...
Tax Refund for International Tourist (TRT) scheme provides an opportunity to the foreign tourists to purchase goods during their stay in any country on payment of GST and obtain refund of the GST so paid, at the time of exit from the country. Nearly 52 countries have adopted such kind of ...
Businesses that accept online orders will need to be mindful of when products are shipped to ensure that a particular sale qualifies as an “eligible supply,” and will need to when manage checkout systems resume charging GST/HST agai...
If a retailer buys a product for ₹250 and pays 5% GST, the total cost is ₹262.5. Adding a margin of ₹25, the retailer sells the product for ₹287.5. The GST liability on this sale is ₹14.37, and with an input tax credit of ₹12.5 (the GST paid on the product), th...
Under different taxation systems, a host of goods or services is exempt from tax owing to socio-economic reasons. For instance, under the service tax regime, clinical and education services were exempt from service tax. Similarly, the sale of life-saving drugs or books meant for reading in di...
Exempt Supplies Sale of land and completed buildings, certain healthcare and educational services, essential food items, etc. Real estate, financial services, rent (Residence), charities, health, education Medical, education, finance, insurance, postal services Real estate, Financial services, Residentia...
7.5% Reduced Payroll tax on wages in lieu of VAT for non-profit organisations 17% Payroll tax on wages in lieu of VAT for financial institutions 0% Zero Exports; some tourism services; sale of fruit and vegetables 0% Exempt Financial services, certain real estate sales and leasings, diamonds...
not containing cocoa or containing less than 5% by weight of cocoa calculated on a totally defatted basis not elsewhere specified or included [other than preparations for infants or young children, put up for retail sale and mixes and doughs for the preparation of bakers’ wares of heading, Waf...