Categories Business Updates, GST Tags GST Exemptions, GST on Gene therapy services, GST on Ready-to-Eat Popcorn, GST rate on Fortified Rice Kernel, GST rate on old and used vehicles, GST Taxation Changes for Hotels and Restaurants Leave a comment Last Due Date of GSTR-9 GST Return Filing...
“At present, the Ministry of Tourism has no plan to approach the GST Council for reducing GST (goods and services tax) on all hotel rooms to 12 percent, since theGST Council decides the rate of taxation after taking into consideration the factors affecting various segments of business as wel...
The travel trade is eager awaiting details on Malaysia's Sales and Services Tax (SST) rate, which is set to be reintroduced on September 1... Window of opportunity opens for Malaysia In Malaysia, the interim period between the zero-rating of Goods & Services Tax and the implementation of ...
Low-cost hotels (₹1,001-₹7,500) 18% Standard rate for most goods and services Financial services and insurance Telecom services IT services Restaurant services (non-AC) Clothing and footwear > ₹1,000 28% Luxury items and services ...
You can find the current GST Rate for service in Chapter 99 of the SAC Codes & GST Rates for Services.SAC CodeSAC Description 99 All Services 9954 Construction services 995411 Construction services of single dwelling or multi-dwelling or multi-storied residential buildings 995412 Construction ...
GST Relief to Hotels and Restaurants: Analysis of 55th GST Council's decision Vivek Jalan 01 January 2025 at 07:57 To omit the definition of declared tariff and suitably amend the definition of specified premises (from the services rate and exemption notifications) to link it with actual value...
Release of tourism competitiveness index, Greater coordination at the state level, and Creation of land bank repository It also added “GST applicable on hotels varies according to the room tariff. Rooms with a tariff of Rs 2,500-7,500 per night attract a rate of 18%, and rooms with a ...
30th GST Council Meeting hikes GST Tax Rate for Kerala Flood Relief Funds The apex authority to oversee and address issues concerned with the GST, i.e. the GST council has always devised and properly implemented several egalitarian reforms in their previous meetings. The noteworthy reforms introduc...
A business registered under GST purchases raw materials worth ₹10,000. The GST rate on raw materials is 18%. The company also purchases office supplies worth ₹20,000, subject to a GST rate of 18%. 1. ITC Calculation Raw Materials ITC: ₹10,000 * 18% = ₹1,800 ...
Rate Type Which goods or services 19% Standard All other taxable goods and services; land transactions for business use 9% Reduced Domestic road passenger transport; domestic passenger transport by sea; hotel accommodation; restaurants and catering services; cafes 5% Reduced Certain foodstuffs; non-alc...