GST is levied on the supply of goods and services, and the tax rate varies based on the type of goods and services being supplied. GST is a destination-based tax, meaning the tax revenue goes to the state where the goods or services are consumed. The GST council, consisting of the ...
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 ...
For spare parts used in repairs, such as display screens, headphone jacks, batteries, and internal components, the applicable GST rate is generally 18%. Repair shops can also claim Input Tax Credit (ITC) on the purchase of these parts, helping offset their overall tax liability. GST Calculati...
Zinc and Zinc products, GST tariff rate in India GST rate for sale of Live Animals in India GST rate for sale of Meat in India GST for Fish in India GST rate for Milk, Cheese, Egg, Honey etc. GST slab rate for sale of animal origin products GST for sale of Live plants and trees,...
Under the GST regime, there are three types of taxes applicable to health insurance premiums: 1. Central Goods and Services Tax (CGST) CGST is levied by the central government on intrastate transactions. In the case of health insurance, CGST is charged at a rate of 9% on the premium amoun...
Entries of Masters, Boxes, Pair of Shoes, Packing & Forwarding, Expenses & Billing. Read More » Labour / Contract Employer Master, Types of Labor Daily Records, Rate Master, Wages Sheet, Attendence.Read More » Ready Mix Cement Concrete ...
In general, if a supply is zero-rated, it remains a taxable supply (allowing businesses to claim input tax credits), but the tax rate is 0%, meaning no GST/HST is charged. Basic grocery items, such as fruits, vegetables, most...
GST rate on dressing Machinery:18% GST rate on finishing Machinery:18% GST rate on coating Machinery:18% (other than machines of heading 8450) for washing, cleaning, wringing, drying, ironing, pressing (including fusing presses), bleaching, dyeing, dressing, finishing, coating or impregnating te...
Earlier, there was confusion amongst the food business operators (FBOs) about the category of the fortified milk and the rate of GST applicable on it. Fortified milk was considered as a value-added product, and therefore, 12% GST was levied on it. ...
As per section 2(47) of CGST Act 2017, an exempt supply means any goods or services or both: which attract nil rate of tax or that may be wholly exempt from tax under section 11 or may be wholly exempt from tax under section 6 of IGST act or ...