GST for electric bikes is just 5%, making them more affordable compared to petrol-powered motorcycles. The reduced tax rate is part of the government’s push to promote eco-friendly transportation. In comparison, petrol and diesel bikes fall under the 18% GST slab, which is significantly higher...
However, the Central Board of Indirect Taxes and Customs had underlined that any decision would be taken by the GST Council. “The GST Council has not yet deliberated on any GST rate changes. The Council has not even received the recommendatio...
3. What is the rate of GST on mobile phones & accessories? 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%. Howev...
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...
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If the taxpayer wishes to use a different foreign exchange rate, they would have to make a specific application to the director general of RMC for approval. There are instances where the GST legislation requires the value of supply to be based on the open market va...
Rate Type Which goods or services 20% Standard All taxable goods and services Belgium VAT rates Rate Type Which goods or services 21% Standard All other taxable goods and services 12% Reduced Some foodstuffs; certain agricultural supplies; some social housing; some construction work on new building...
The following is a list of a few of the GST service accounting codes. You can find the current GST Rate for service in Chapter 99 of the SAC Codes & GST Rates for Services. How Deskera Can Guide You? Discover how you can combine accounting, finances, inventory, and much more, under ...
The following is a list of a few of the GST service accounting codes. You can find the current GST Rate for service in Chapter 99 of the SAC Codes & GST Rates for Services. How Deskera Can Guide You? Discover how you can combine accounting, finances, inventory, and much more, under ...
(either petrol or diesel) shall impose the highest cess rate of 22% when the vehicle counts in any of the following three specifications, first unladen (without passenger weight) ground clearance of 170mm– before that, the same condition was on the laden basis (with passenger weight), it ...