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 ...
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 ...
Moreover, the GST rates reported by the CBIC are based on the HSN classification of items. As a result, in order to determine the GST Rate for your product, the business must first discover the relevant HSN Code. Previously, the Central Board of Indirect Taxes ("CBIC") published the foll...
The CBIC has released a new instruction regarding the Ministry of Civil Aviation (MoCA), along with a Gazette Notification related to Integrated Tax (Rate). Top GST News for the month of January 2025 The beginning of 2025 has brought several significant developments in the world of GST, making...
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 ...
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-...
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...
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 acr...
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...
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 ...