The government is working tosimplify the Goods and Services Tax (GST)following the revision of income tax slabs in theUnion Budget 2025-26. Among the proposed changes is the elimination of the 12% GST slab. Currently,the average GST rate has decreased from 15.8% to 11.3%, with no tax hik...
1. Is input Available on Machinery Installed for Making Pizza under Franchisee.2. Business is also run through online portal like Zomato, on this tax is to be paid.3. Is input is available on food/Bevrage which Purchase from Local market to serve the customer other than "Pizza". ...
The government is working to simplify the Goods and Services Tax (GST) following the revision of income tax slabs in the Union Budget 2025-26. Among the proposed changes is the elimination of the 12% GST slab. Currently, the average GST rate has decreased from 15.8% to 11.3%, with ...
In GST rule, the service tax and VAT amount will be add into one single rate, but you may still find service charge doing rounds on your food bill. Authored by Shivam KumarPublished by Taxblock (Taxblock is One stop solution to ITR, GST, U.S Tax, NRI, EXPAT,...
“At present, the Ministry of Tourism has no plan to approach the GST Council for reducing GST (goods and services tax) on all hotel rooms to 12 percent, since theGST Council decides the rate of taxation after taking into consideration the factors affecting various segments of business as wel...
0% Zero Intra-community and international transport; goods purchased on international flights Czech Republic VAT rates Rate Type Which goods or services 21% Standard All other taxable goods and services 12% Reduced Foodstuffs (excluding essential child nutrition and gluten-free food); non-alcoholic be...
India’s GST Council last Friday announced a GST rate cut on hotel rooms, bringing a much-welcomed relief to industry stakeholders who have long voiced their concerns of the impacts of high GST rates on the competitiveness of the country’s tourism and hospitality sectors. ...
Processed food items (e.g., fruit juices) Computers Ayurvedic medicines Sewing machines Low-cost hotels (₹1,001-₹7,500) 18% Standard rate for most goods and services Financial services and insurance Telecom services IT services Restaurant services (non-AC) ...
GST rate is uniform for all traders having GST registration. Effect on the price of smartphones: GST resulted in the production of phones and phone accessories more expensive as they perform under cheaper tax rates due to privileges given supporting the government's 'Make in India' policy. On...
A 0% tax rate applied to certain foods, books, newspapers, homespun cotton cloth, and hotel services. A rate of 0.25% applied to cut and semi-polished stones. A 5% tax on household necessities such as sugar, spices, tea, and coffee. A 12% tax on computers and processed food. An 18%...