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 Read More→ Tax Liability on Transportation Charges in Invoice Read More→ Input tax Credit ...
GST is not payable on Human hair, unworked, whether or not washed or scoured; waste of human hair Semen including frozen semen. GST on Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage is nil rate. GST is not payable on sale of Fresh vegetables...
Things to note on the GST rate change from 8% to 9% on 1 Jan 2024 When you are required to charge GST at a rate of 9% on supplies made on or after 1 Jan 2024, it is important to include this 9% GST in your GST return, regardless of whether you have already received the payme...
Apply GST charges to specific products & categories or all products. Specify GSTIN, PAN & CIN number on order details. Select GST rate in percentage. Enter minimum product price to calculate GST rate. Decide GST rate for products whose price is below predefined minimum price. ...
regardless of goods delivery or service end date. *Please refer to thise-Tax guide issued by IRASon 2024 GST Rate Change for details on receipt of payment. Invoices dated from 1 Jan 2024 The following GST rates will apply for goods and services to be delivered: ...
Goods and services tax is a form of value-added tax levied on most products sold to the general public While some countries charge as much as 30% for their goods and services tax rate, some charge as little as 1%-7% When it comes to tax registration, the law stipulates that any busines...
Retailer’s body seeks lower interest rate, national retail policy PTI - December 18, 2024 In its pre-budget memorandum, Retailers Association of India (RAI) said the Union Budget for FY25-26 should focus on generating demand and spurring consumption by offering benefits or concessions in the...
Following section 56 of the CGST/TSGST Act, interest at the notified rate, at most 6%, must be paid if a refund is not authorised within the allotted 60-day period. How is a GST refund handled? According to what is stated on GSTR-1, the GST site transmits export information to ...
Let’s all the important GST Updates announced in December 2024. Changes in GST … Read more 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...
50,000 and charge a service tax of 15%, resulting in Rs. 7500 (50000 X 15%). In the case of the consultant, he purchased office supplies for Rs. 20000 and paid VAT at the rate of 5% without deducting anything, thus paying Rs.1000 (20000 X 5%). Cash outflows would total Rs. ...