Reduced GST rate on Sewing thread of manmade filaments, whether or not put up for retail sale Minimized GST rate on Duty credit scrips Diminished GST rate on Rubber waste, parings or scrap Revised GST rate on Waffles and wafers coated with chocolate Revised GST rate on Pasta, spaghetti, mac...
(k) taxable value of the supply of goods or services or both taking into account discount or abatement, if any; (l) rate of tax (central tax, State tax, integrated tax, Union territory tax or cess ); (m) amount of tax charged in respect of taxable goods or services (central tax, ...
Reverse charge mechanism is the case in which the receiver of goods is obligated to pay GST rather than supplier. Reverse charge mechanism (RCM)
13/2017 - Central Tax ( Rate ), dated 28th June 2017, if you have received services from a GTA ( Goods Transport Agency ).For paying GST under RCM basis, you need to prepare a "SELF INVOICE" as provided under Section 31(3) clause (f) of the CGST Act 2017 on the date of ...
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...
Gujarat Authority of Advance Ruling (AAR) has mentioned that the Selling of machinery to bring 18% GST on commission income from Japan in foreign currency. The petitioner is the owner of Dharmshil Agencies where the agreement has done with Tsudakoma Corp
13/2017-Central Tax (Rate), dated 28-6-2017(as amended). As per S.No 6 of the said notification, a company or a body corporate located in the taxable territory is liable to pay GST on RCM basis on services received from its directors. Common understanding of GST applicability under ...
34th GST Meeting: Clarification on GST Tax rate on Real Estate Sector We all know that during the 33rd GST council meeting that took place on the 24th February 2019, numerous reliefs were introduced for the home buyers. With a view to boosting the affordable housing segment in the real esta...
The CGST tax rate will auto-populate (based on the universal HSN/SAC codes generally built-in software). Then, select the unit, quantity, and any discount/incentives.IGST or CGST & SGSTfor the selected goods/services will be automatically shown. ...
Sir Tipper’s rent received the rate of tax? Tipper charges the rate of tax Reply SAG Infotech September 21, 2020 at 4:51 pm 18% Reply Shweta bansal August 20, 2020 at 7:51 pm I want to get updates of GST on a regular basis Reply SAG Infotech August 21, 2020 at 11:21...