Electric vehicles (EVs) are becoming popular in India. Because almost every business is trying to reduce their fuel costs and carbon footprint. One of the leading options in this space is the Ola electric scooty. It’s not only eco-friendly but also offers financial benefits, especially for ...
State GST (SGST)is imposed by state governments on the same intra-state transactions. Typically, the rates of CGST and SGST are equal, making the total GST rate a combination of both. This dual structure ensures that both the central and state governments receive...
All goods other than in frozen state and put up in unit containers is exempted to pay GST. GST concession on Meat of bovine animals, fresh and chilled. No GST payable on Meat of swine, fresh or chilled. GST on Meat of sheep or goats, fresh or chilled is nil rate. No GST payable o...
01 Jan 1970Posted By: E-StartupIndia Importance of GST Compliance Rating check With the number of provisions under the implemented indirect law, GST Council has introduced the mechanism of GST Compliance Rating check in order to rate the performance of all the registered taxable Individuals....
GST is applicable at a rate of 28% on personal use vehicles, without differentiation between petrol and diesel cars. Additionally, luxury cars attract a Composition Cess, increasing the effective tax rate. However, vehicles using cleaner technologies or electric vehicles benefit from lower tax rates...
Versatile Auto Components Pvt Ltd is a manufacturer of low speed electric two wheeler (below 250 Watts/0.25 KV) and spares & accessories for the same. The applicant would like to get clarification regarding which HSN code and GST rate for their products electrically operated vehicles, including ...
Rate Type Which goods or services 19% Standard All other taxable goods and services 5% Reduced Reduced rate includes: certain sales of new real estate; cotton; timber; certain foodstuffs; agricultural supplies; agricultural insurance; medical insurance; electric and hybrid vehicles; cleaning; coffee...
In the case of Inter-state transactions, Integrated GST (IGST) is applicable. Essential Features of GST Multiple Tax Levels: India’s GST system has multiple tax rates, with four primary tax rates (5%, 12%, 18%, and 28%). Additionally, there is a “zero rate” for certain essential ...
lamps, sanitaryware, marble, granite, glass, wires, cables, electrical boards/panels, furniture, fire extinguishers, rubber tubes and all musical instruments and their parts. Tanks and armoured fighting vehicles have been now placed in the 12 per cent tax slab instead of the earlier 28 per cent...
In a federal structure, India's determination to much-needed fiscal reforms has been widely applauded at its face value when she relinquished her previ