Whether the supply is composite supply so as to get the benefit of exemption of health care services under Sl. No. 74 of Notification No.12/2017-Central Tax (Rate) dated June 28, 2017 ('Services Exemption Notification')? Held The AAR, Gujarat in Re: M/S. Oswal Indust...
rate of GST applicable is 18%. As far as exempting hand sanitizers as essential commodity under the exempted goods videNotification No. 2 /2017- Central Tax (Rate) dated June 28, 2017 ('Goods Exemption Notification'), and merely classifying any goods as essential commodity will not be th...
Standard-rated supplies Standard-rated supplies are taxable supplies of goods and services which are subject to a rate of 6%. A taxable person who is registered for GST has to collect GST on the supply and is eligible to claim input tax credit on his business input...
which the wholesaler can apply against the tax on the original cost price from the manufacturer (i.e., Rs. 15). The wholesaler's effective tax rate will, thus, be Rs. 1.75
Things to note on the GST rate chang... Informing customers of price increas... How do I claim back GST? Frequently Asked Questions (FAQ) Further information The Singapore government announced that the Goods and Services Tax (GST) rate wil increase from 8% to 9% from 1 January 2024. ...
Construction Services Intellectual Property Rights Education Tour Operators Health Care Job Work Entertainment FAQs on GST Rate Finder Know before you use the GST Rate Finder: Step 1: Firstly, HSN is required to be determined. HSN for goods is to be determined by referring to the Fi...
The applicant's provision of regular medical monitoring services and other logistical support to senior citizens at their doorstep does not qualify for exemption from the application of the Goods and Services Tax, which is subject to an 18% rate as deter
The calculation of GST varies slightly depending on the specific country and its GST legislation. However, the general calculation formula is as follows: Determine the GST rate applicable to the goods or services. Calculate the taxable value of the goods or services, excluding GST. ...
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...
Rate and value of import duty payable Value of goods Description of goods Both GST and GST Bills of Entry are crucial considerations for many business owners. GST and GST Bill of Entry Examples & Case Study GST Bills of Entry were required in order to initiate customs clearance facilities for...