To stay updated on any changes to the GST rate on mobile phones, you can follow announcements from the GST Council, the Ministry of Finance, and other reliable news sources. Related Read: What is CGST, SGST, IGST, and UTGST? How is the Value of Supply Calculated for GST on Mobile P...
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. ...
There is a fixed GST rate of 12% on a mobile phone if you're buying a new smartphone. However, most of the smartphones and accessories come under the 85th Chapter of HSN. The GST rate on phone accessories is 18%. However, the GST rate changes according to the nature of the produc...
GST is levied on the supply of goods and services, and the tax rate varies based on the type of goods and services being supplied. GST is a destination-based tax, meaning the tax revenue goes to the state where the goods or services are consumed. The GST council, consisting of the ...
The e-commerce sector has seen a significant decline in sales since the introduction of GST. This is primarily because the GST rates for most goods and services are higher than the previous indirect taxes. For example, the GST rate for mobile phones is 18%, which is higher than the 12.5%...
Central GST (CGST)is levied by the central government on transactions occurring within a single state. In contrast,State GST (SGST)is imposed by state governments on the same intra-state transactions. Typically, the rates of CGST and SGST are equal, making the total GST rate a combination of...
The currentGST rate is 10%.Therefore, if your products and services cost $200, and you charge GST, then your customer would pay $220. The $20 should be paid to the Australian Taxation Office. So, though youcharge your customers goods and services tax, you're not the one keeping that...
The Authority for Advance Ruling (AAR) of Karnataka has ruled that an 18 per cent GST rate on the sale of internet advertising space in the e-commerce portals.read order “The GSTN has released the advisory related to reporting taxable supplies of restaurant services and other services by e...
A few years later, the impact of Goods and service tax will be clear on the economy and it will come down the inflation rate in India, according to experts. Main Purpose of GST GST will strengthen the economy by all means. As GST will try to ascertain the actual cost of products from...
However, recently in the 37th GST Council meeting, the GST rates on the Hotel room rentals have now been reduced. Until now, GST rate on hotel room tariffs up to ₹7500 & above was 28%. This has been reduced to 18%. The most recent GST rates on the hotel room rentals...