Recently, on June 28 and June 29, 2022, the GST Council held the much talked about 47th GST council meeting and have made several big changes in terms of compensation cess, rate changes, and also decisions pertaining to ease the compliance for taxpayers. In June, taxpayers faced several issu...
Currently, e-sports and online games are taxed uniformly under the GST regime.Both are subject to a 28% GST rate. However, there have been discussions about potentially differentiating between games of skill and chance, which could lead to different tax treatments in the future. 3. What is t...
Also, under the old excise and VAT regime, the tax from 28% has been reduced to 18% on household goods including wristwatches, sanitary plastic ware, doors, and windows, furniture, and mattresses. Previously essential electronics like mobile phones, TVs up to 32 inches, refrigerators, washing...
4. Interest On Tax Liability: A penalty may be added to the missing tax amount, and interest at the rate of 18% per year may be charged from the due date until the payment date. 5. Legal Consequences: Repeatedly not following the rules can lead to the GST authorities being more careful...
electronics, automotive, construction and financial sectors; exchange rate fluctuations for the yen and other currencies in which Hitachi makes significant sales or in which Hitachi's assets and liabilities are denominated, particularly against the U.S. dollar and the euro; uncertainty as to Hitachi'...
TallyPrime is a complete business management software to manage your business easily, faster, and efficiently. Access to complete features, from billing to insightful reports. Accounting and Billing | Inventory Management | Insightful Business reports | GST Returns and reconciliation | Connected e-invoic...
The GST rate is currently 5%. For example, products such as clothing, electronics, and restaurant meals are subject to GST. If you'd like to know more about GST (Goods and Services Tax) in general, visit our GST calculator. The PST is a provincial sales tax. Its rate varies from ...
Apart from this, one more issue is expected to arise if the GST rate will only be applied to the registered brands under the Trade Mark Act. The brands or businesses, which are established but still not-registered are expected to get benefit in many ways. For this, many in the sect...
Chetan Maini, Co-Founder and Vice-Chairman ofSun Mobility, says the primary expectation from the Budget is the enablement of charging and battery-swapping infrastructure for EVs at a faster rate, with a firmer commitment from a policy standpoint. ...
On 8 October 2018, the Executive Meeting of the State Council determined a set of measures to further refine the export VAT refund policies, including: • Certain products at the current refund rates of 13% and 15% will be increased to 16%; • Certain products at the refund rate of ...