The amount of GST is the value multiplied by the tax rate. The value of a supply is equal to the consideration less the tax chargeable. The consideration for a supply depends on what has been given in exchange for the supply. The consideration may be in the f...
GST on Live sheep and goats is nil rate. No GST payable on sale of Live poultry, that is to say, fowls of the species Gallus domesticus, ducks, geese, turkeys and guinea fowls. Other live animals such as Mammals, Birds, Insects] falls under GST exemption list Concessional rate of GST ...
Chapter 92 : Musical instruments; parts and accessories of such articlesView Full Chapter Chapter 93 : Arms and ammunition;parts and accessories thereofView Full Chapter Chapter 94 : Furniture;bedding,mattresses,mattress supports,cushions and similar stuffed furnishings;lamps and lighting fittings,not els...
GST Rate on Furniture Manufacturers Running a business in India comes along with paying taxes to the IndianGovernment. This goes unsaid and if you are a business owner or a manufacturer,you cannot run away from this information. GST[https://www.deskera.com/blog/gst-india-goods-services-tax/...
Step-by-Step Example of GST Application: Manufacturer: A furniture manufacturer buys wood, fabric, and nails worth ₹1,000. Suppose the GST rate is 18%. The manufacturer pays ₹180 as GST, resulting in a total cost of ₹1,180. ...
It is important to cross-check your books of account to confirm if you have paid GST under RCM for proper transactions at the appropriate rate and claimed the ITC for the same in the Financial Year 2019-20. Cross-checking purchase bills with GSTR-2A During the course of the year, there...
印度GST 18%类目-Revised-Rate Full List of 177 items with updated GST Tax rate at 18%: Item 1704 Description of Goods Chewing gum / bubble gum and white chocolate, not containing cocoa Cocoa butter, fat and oil Cocoa powder, not containing added sugar or sweetening matter Chocolates and ...
If you supply zero-rated and exempted supply, there is no need to charge GST/HST rate from your customers. Place of Supply Due to the different tax regulations in each province, selling goods and services to another province or territory is not as straightforward for Canadian businesses. ...
MRP includes the base price plus GST/tax. As the tax rate changes, the MRP of the product either decreases or increases. Another factor that affects the MRP under GST is the availability of ITC. In some cases of the act,Input Tax Credit is not available under GST, which means the MRP...
The company is a company of outdoor furniture, mainly specialized in rattan series, textilene series etc.