Learn about GST rates on food items and restaurants in India. Explore how 5%, 12%, and 18% GST apply to various food services and it Impact on your expenses.
Covers standard goods and processed food items, balancing affordability with quality. 18% The most common rate, applied to a wide range of goods and services including electronics, commercial vehicles, and financial services. 28% Reserved for luxury items, entertainment, and gambling services, reflect...
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...
such as varying tax rates on everyday food items, which complicate compliance and pose challenges for businesses. To address these issues, the government is also exploring additional safeguards
Huang, Chye-ChingSocial Science Electronic Publishingvan Klink, A. (2012). How to zero-rate the GST on food: best and worst practice from the United Kingdom, Canada and Australia. New Zealand Journal of Taxation Law and Policy 18, 276-302....
GST on Food Items GST on Mobile Phones GST on Air Conditioner Impact of GST on GST Gaming on Different Stakeholders 1. Impact on Online Gaming Operators Increased Compliance Requirements: Online gaming operators need to comply with detailed record-keeping and periodic GST filings. ...
Generally, essential products such as basic food items, electricity up to 300 units, treated water for domestic consumption and essential medicines are zero-rated. In order to ensure Malaysian products and services are competitive outside of Malaysia, exported goods and se...
Zero rated items include milk, eggs, curd, unpacked foodgrains and health & educational services. Lower rate A lower rate of 5% will be applied on items like sugar, tea, edible oil, coal, spices, and cotton fabric. This, along with the zero rate, will help prevent inflation from having...
HSN Code 1107 to 3205 for 18% GST Rate Items HSN CodeDescription of Goods 1107Malt, whether or not roasted 1302Vegetable saps and extracts; pectic substances, pectinates and pectates; agar-agar and other mucilages and thickeners, whether or not modified, derived from vegetable products [other...
No rate of GST on ceramic Earthen pot and clay lamps Glass and glassware Bangles (except those made from precious metals) fall under GST exempted items No GST payable for sale of Agricultural implements manually operated or animal driven