Hi, Ansuman Tripathy: On 20 September 2017 Dear sir, please confirm the gst percentage on purchase of new flat in Bangalore. I have booked a flat from a reputed builder. Their cost sheet says 18% GST where as other builder says 12% GST. Both are A class builders and the flat I am ...
Using GST rates in percentage terms, the easy goods and services calculator may allow you to assess both gross and net goods costs. It aids in the appropriate calculation of IGST or splitting the rates among CGST and SGST. When calculating the entire price of products and services, the calcul...
while the percentage a deposit bears to the total purchase price is relevant, mere consideration of that aspect is not sufficient to determine whether an amount paid by the recipient of a supply is a true deposit – the Courts have accepted that a seller at greater risk between contract and ...
The formula for Calculating GST Amount There is a simple formula to calculate GST: GST Amount = (Original Cost x GST Rate Percentage) / 100 Net Price = Original Cost + GST Amount Let's say the original cost of a product is Rs. 1,000, and the GST ra...
They are providers of stockbroking services and receive brokerage as a percentage of the total trade volume. Under GST rules, tax is applied to the brokerage earned. However, the agent isn’t required to pay any GST on any amount recovered for delays if they meet pure agent status. If ...
Meanwhile, the company has termed the lawsuit as “meritless,” arguing that most applications within the App Store ecosystem are free and that smaller developers pay a reduced percentage of commission of 15%. It further observed that the fees were necessary to cover the cost of services such ...
need to pay GST as applicable. They are providers of stockbroking services and receive brokerage as a percentage of the total trade volume. Under GST rules, tax is applied to the brokerage earned. However, the agent is not required to pay any GST on any amount recovered for delays if they...
If we factor in the three-percentage point decline in the incidence of GST duty from 14.8 to 11.8 per cent as suggested by the RBI, the actual proportion in 2021-2022 would have been 7.4 per cent of the GDP (according to a recent article by Arvind Subramanian and Josh Felman). What we...
To facilitate the comparison, we also list the relative transmission change in percentage as adopted by some work in the literature, which is expressed as ΔT linear = (T − T 0)/T 0. Our device achieves the maximum transmission contrast and the highest number of switching levels among ...
Lower GST on gold and jewellery which should be kept high. Still, many items like electricity, real estate, alcohol, petrol are out of the GST ambit. States are facing a revenue loss as VAT constituted the highest percentage of revenue for the states which is now subsumed under the GST. ...