Ever since GST or Goods and Services Tax regime was announced, there has been a wide speculation about theGST ratesbracket. It’s clear that the government’s intentions are to have lower tax rate for goods and services which are essential needs and higher tax rates for goods and services ...
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 financial year 2025-26, allowing taxpayers to file Form CMP-02 from February 4 to March 31, 2025. 28th January 2025 GSTN’s new advisory...
ClearTax, India’s leading fintech SaaS company, which offers GST compliance and tax & investment related products, today announced that it has acquired GST Software and Services business of Karvy Data Management Services for an undisclosed amount to boost its GST clientele. With this acquisition, ...
The government is working to simplify the Goods and Services Tax (GST) following the revision of income tax slabs in the Union Budget 2025-26. Among the proposed changes is the elimination of the 12% GST slab. Currently, the average GST rate has decreased from 15.8% to 11.3%, with no ...
Razorpay's GST number search tool helps you search GSTIN online and verify the authenticity of GSTIN taxpayers. FREE Online Tool. One-Click Verification.
To work with GST in Commerce for India, you need to complete a general GST setup. For more information, seeIndia Goods and Services Tax (GST). You also need to enable the India-specific functionality on the Commerce channel side:
For interstate sales, calculate IGST by applying the relevant GST rate (5%, 12%, 18%, 28%) on the sale price. I paid the GST late. How can I calculate the interest due? Use the formula: Interest = Tax Amount × (Interest rate / 100) × (Days delayed / 365) How do I calculate...
GSTR 1 Features: Gen GST vs Cleartax GST As per the Indian government mandate, it is mandatory for all the regular taxpayers (annual turnover more than 1.5 crores) to file details of their outward supplies on 11th of every subsequent month using the GSTR-1 form. So, every registered tax...
Gst Calculator or Vat Tax Calculator is the revolutionary calculator app that makes you more productive at your workplace. With Gst Calculator you can calculate all arithmetical operations, insert-exclude gst tax or vat tax, discount rates, percentage rate, mark up price, grand total, vat tax ...
The system will then identify the data as newly imported data, and you will be able to select or clear the Shared checkbox for the company. When you create a purchase requisition that uses a procurement category, the Tax rate field isn't filled in with the tax rate type from the ...