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All goods other than in frozen state and put up in unit containers is exempted to pay GST. GST concession on Meat of bovine animals, fresh and chilled. No GST payable on Meat of swine, fresh or chilled. GST on Meat of sheep or goats, fresh or chilled is nil rate. No GST payable o...
With effect from 1st January 2022, liability to pay GST on bus transportation services supplied through Electronic Commerce Operators (ECOs) has been placed on the ECO under section 9(5) of CGST Act, 2017. This trade facilitation measure was taken on the representation of industry association tha...
GST on Freight Forwarding Freight forwarding and logistics shall be a ‘supply of services’ including the movement of goods by air, sea, inland waterways, rail or road. The GST treatment on freight transportation shall depend whether the freight transportation is domestic or international. ...
July 1st is particularly special as it marks the 7th anniversary of the Goods and Services Tax (GST) in India. The GST Act, passed in Parliament on March 29, 2017, came into effect on July 1, 2017. The journey of the GST regime has been revolutionary, featuring significant changes like...
CRM Purchase Production Quality Control Management Reports One Solution for all your needs to run a Transportation Business GST and E-way-bill enabled Cygnus softtech is an inventory management solution (IMS) for organizations in industries including consumer goods, warehouse Management System (WMS), ...
Examples of exempt supplies include private healthcare and education, residential properties, mass public transportation (toll highways, public buses, taxis, etc) and financial services. Supplies not within the scope of GST Supplies which do not fall within the charging prov...
Input Tax Credit (ITC): Dealers can claim ITC on inputs like rent, electricity, and transportation, improving cash flow. Reduced Paperwork: GST’s digital processes and reduced documentation requirements have streamlined operations. Enhanced Consumer Confidence: A uniform pricing structure across states...
All transportation services Government and diplomatic services offered by different countries Charitable entities and ambulance services Services by government institutions such as IRDAI, RBI, NPS, Central and State Governments Basic Savings Bank Deposit (BSBD) banking facilities under the Pradhan Mantri Jan...
GST duty on Cargo handling services for all modes of transport except export import, passenger baggage or mere transportation of goods Comments Discussion Forum You can also share your thoughts about this article. Any one can answer on question posted by Readers...