Apart from the above-mentioned services, filing ITC forms, changing core and non-core fields, browsing notices received, engage/disengage GST Practitioners are some other services that are provided on the GST Portal/ GSTN. Key Takeaways GST portal is a website where all the compliance activities...
In addition, the provision of services by the Government is also out of scope. Specifically, the following types of supplies provided are not subject to GST: (a) supplies made by the Government except as otherwise prescribed by the Minister of Finance (b) supplies ...
Preferential Location Charges Preferential Location Charges (PLC) in construction services to be taxed as composite supply. Affiliation Services Affiliation services provided by boards like CBSE taxable; services provided to government schools by state/central boards will be exempt. Import of Services by...
Govt proposes 20% GST on goods, 16% on services Finance Minister Pranab Mukherjee on Wednesday proposed a three-rate structure for the Goods and Services Tax - which will simplify the indirect tax regime. Under this goods will attract 20 percent
The goods and services tax (GST) is a tax on goods and services sold domestically for consumption. The tax is included in the final price and paid by consumers at point of sale and passed to the government by the seller. The GST is usually taxed as a single rate across a nation. ...
For a simpler understanding, the GST state code is mentioned in the Goods and Services Tax Identification Number (GSTIN). It is a unique 15-digit number provided by the government to any registered person or business entities under the Goods and Services Tax (GST) regime. GST state codes pl...
GST is a tax placed on many items by the government; it is added to the base price of the item and is included in the total cost of the item. The current rate of GST is 10%. What is the total cost of the following items with base prices of: \$12.50 相关知识点: 试题来源: ...
Compensation Cess is to be provided to a State for five years from the date the State brings its SGST Act into force. 12. GST levied & taxes brought into GST. GST applies on all goods and services, except for Natural Gas Aviation Turbine Fuel Petrol Diesel Petroleum Crude Alcoholic Liquor...
Previously the tax paid on inputs for the export of exempt items was eligible for a duty drawback, however with a complicated refund application process. To clear any ambiguity regarding the reimbursement of tax paid on exports, the Indian government provided a guidance note to clarify claiming...
In this article, you will get to know about such amendments related to GST Update. Goods and Services Tax (GST) in India Goods and Services Tax is the tax levied by the Indian Government on the procurement of goods or services in the country. The tax was introduced in the year 2017. ...