12% Slightly more processed or luxurious items Processed food items (e.g., fruit juices) Computers Ayurvedic medicines Sewing machines Low-cost hotels (₹1,001-₹7,500) 18% Standard rate for most goods and services Financial services and insurance ...
Goods and Service Tax (GST) rate tariff in India is designed in 6 categories of goods and services. Four main GST rate slabs framed with Essential goods and services, Standard goods and services and luxury goods and services with 5%, 12%, 18% and 28% respectively. Commonly used Goods and...
Numerous services may be qualified for a 0% GST rate after submitting the appropriate paperwork or completing the required procedures. Services with 0% GST rates Comprise of a long list of service items that include: Independent bodies, government organisations, academic facilities, faith communities,...
1,12,020 crore. GST News on Compliance Changes The NIL GSTR 1 filing checkbox option under GSTR-1/IFF has been made available by the CBIC department Through three circulars, numbers 177, 178, and 179, the CBIC has clarified the new GST rate and exemption on specific services, penalties,...
CT-Rate, UT-Rate and IT-Rate (5,6,7,8) 15th January 2025 As per Notifications No. 01/2025 and 02/2025, the draft GSTR-2B data will be generated on January 16, 2025. View More The new advisory recommends filing applications under the waiver scheme as per Section 128A. View More ...
For retailers and wholesalers1 in the same situation, the HST remittance rate is 5%. List of rates base on PE location and Supplies location Supplies wherebusinesses that provide servicesbusinesses that purchase goods for resalecredit GST at 5% 1.4% 0% 4% HST at 12% 7.6% 2.5% 0 HST at...
Nil rate of GST on purchase or sale of picksDo my goods picks exempt from paying GST? picks falls under GST exemption list? I am a dealer of picks. Should I need to pay GST?GST tax on picks HSN chapter 8201As per GST Law, there is no GST payable on picks. So the rate of ...
Tax invoices are the most important documents in the GST system. They contain details about the registered person and supply, the GST rate, and the amount of GST that is payable under the GST Act. A tax invoice resembles a commercial invoice or receipt, but it contains additional information...
Click here to know GST rate on Goods and Services Click here to know GST exemption list of goods and service Find HSN number or Service tariff code for GST GST registration guidelines Indian GST Laws How to export your goods? Learn GST in regional language ...
It helps identify products for applying the correct GST rate and simplifies international trade. 2. How to add the HSN code in the GST portal? To add an HSN code in the GST portal, you need to enter the appropriate 8-digit HSN code for each product or service you supply. This ...