Seeks to amend notification No. 9/2017-IT(R) so as to extend exemption to admission to “protected monument” and to consolidate entry at Sl. No. 12A & 12B. The Extract of GST Notification No. 49/2017 – Integrated Tax (Rate) is given below: Notification No. 49/2017 – Integrated Ta...
The GST Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods. Commonly used Goods and Services at 5%, Standard Goods and Services fall under 1st slab at 12%, Standard Goods and Services fall under 2nd Slab at 18% and...
TCS Rate Reduction:Lowered to 0.5% (0.25% CGST/SGST). Mandatory Filings: GSTR-7:Mandatory filing even with no TDS, no late fee for nil filing. GSTR-9/9A Exemption:Exempt for taxpayers with turnover up to Rs.2 crore for FY 2023-24. ...
CT-Rate, UT-Rate and IT-Rate (5,6,7,8) 15th January 2025 As per Notifications No. 01/2025 and 02/2025, the draft GSTR-2B data will be generated on January 16, 2025. View More The new advisory recommends filing applications under the waiver scheme as per Section 128A. View More ...
Set the tax rate to 14%. Change the tax name to SGST. Set the tax behavior toadded to 14% federal tax. To apply different rates to different types of products, you can create hidden collections for each tax category and assign your products to these collections, and then override the ta...
Goods and Services Tax (GST) is a comprehensive indirect tax system in India that was introduced in July 2017, replacing multiple taxes such as VAT, Excise Duty, and Service Tax. GST is levied on the supply of goods and services, and the tax rate varies based on the type of goods and...
GST Rates in India 2025: List of Goods and Services Tax Rates, Slabs, & Revisions Read More→ GST Rate on Labour Charges Read More→ SAC Codes Read More→ Real Estate GST Rates – Recent Clarifications Read More→ UQC (Unit Quantity Code) in GST ...
Below is the list of setups, that are required to be configured manually Tax Rate HSN/SAC GST Groups GST Posting Setup To set up tax rates Rate of GST is defined in combination of GST Group Code, HSN/SAC. States and Date. Choose the icon, enter Tax Type -> GST CESS -> Action -...
Here are the list of scenarios explaining what tax rates will be applied based on where you are registered and what you are selling, digital or other products/services: ScenarioProductsTax Rate Aus Merchant to Aus CustomerDigital or Non-digital10% GST ...
GST Exemption List 2023. Exempted supply of Goods means NIL rated goods or wholly exempted goods and it also includes non-taxable supply of goods.