Recently, on June 28 and June 29, 2022, the GST Council held the much talked about 47th GST council meeting and have made several big changes in terms of compensation cess, rate changes, and also decisions pertaining to ease the compliance for taxpayers. In June, taxpayers faced several issu...
CBIC Clarifies Wavier of Interest and Penalty under CGST Act RCM Time of Supply Rule Changes Effective from November 1 Now, let us look at GST due dates for December 2024. Here is a comprehensive image of our December GST Due Dates Calendar or GST Compliance Calendar. It has all the GST ...
These changes will come into force once notified by the CBIC. Particulars Old Rate New Rate Cellular Mobile Phone 20% 15% Charger/Adapter of Cellular Mobile Phone 20% 15% Printed Circuit Board Assembly (PCBA) of Cellular Mobile Phone 20% 15% Pre-GST Vs. Post-GST Prices Particulars Pre-...
GST rate for HSN 9401 is 5%/12%/18% Source https://cbic-gst.gov.in/gst-goods-services-rates.html No such validation is kept on the portal. Sources: https://www.gstn.org.in/faqs-category-details#1Div Reply Ronak Shah August 25, 2021 at 2:52 pm My turnover is exceeded in Aug ...
The CBIC’s new instruction relating to the Ministry of Civil Aviation (MoCA), the Department of Revenue has issued Gazette Notification No. 08/2024 – Integrated Tax (Rate) on October 8, 2024. Read PDF 30th January 2025 The GSTN department will soon enable the composition scheme for the ...
The rate of the tax may vary depending on the jurisdiction and the type of product or service being sold. How Sales Tax Is Applied: The price of a product is added to the sales tax when you buy it. If for example, you buy an item that costs 100 $ and the sales tax rate is 10...
He must include all pertinent information, including the name and address for the billing address, the supplier's GSTN, the transaction's value, the item's GST rate, the amount of tax due, etc. After selecting one of the alternatives, create the invoice using the appropriate ERP or ...
Go to the websitewww.gst.gov.inand fill your username and password. STEP 2: Choose option “Application for cancellation of registration” from registration tab given under “Services” menu STEP 3: After choosing this option, you will get form GST REG-16 displayed over the screen. You will...
Streamlined Taxation: The HSN code helps identify the specific product category, which directly determines the applicable GST rate. This simplifies tax calculation and administration for businesses.. International Trade: The HSN code acts as a universal product identifier, ensuring consistent classification...
Following that, the taxpayer must create a conventional invoice using that software. He must provide all relevant information, such as the billing name and address, the supplier's GSTN, the transaction value, the item rate, the GST rate that applies, the tax amount. ...