II) For supplier engaged exclusively "Supply of Service" or "Goods & Service" (a)Normal State:Rs.20 Lakhs. (b)Special Category State: Manipur, Mizoram, Tripura, Nagaland: Rs.10 Lakhs. Jammu & Kashmir, Arunachal Pradesh, Assam, Himachal Pradesh, Meghalaya, Sikkim, Uttarakha...
(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, ...
The rate of GST on Travel Agency Service is updated as per Determination of Value of Supply as 5% on Basic fare in case of domestic air travel and 10% of basic fare in case of International travel. For other related services go through this link https://gstguidance.blogspot.in/2017/08/...
If it is applicable and what will be the rate of IGST, CGST & SGST on the transport service received by the Road? Ashwini Gorhe February 06, 2020, 1:57 pm Leave reply Kindly check tax rate applicable for your services from the below mentioned link https://cbic-gst.gov.in/gst-goods...
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...
New Tax Rates for Restaurant Services If the hotel's room tariff exceeds ₹7,500 in the preceding financial year, the GST rate on restaurant services will be 18% with Input Tax Credit (ITC). Otherwise, the rate will be 5% without ITC¹[3). Declaration Requirements For the hotel with...
7. Which Educational services attract GST on Reverse Charge? There are few examples of Educational services that attract GST under the reverse charge mechanism (RCM). Educational institutions are liable to pay GST on RCM for these goods or services – Sponsorship revenues from non-corporate entiti...
The petitioner has provided that below the service tax agreement they pay 18 per-cent tax below RCM (Reverse Charge Mechanism) for the mentioned services such as ‘Business Auxiliary Services’. Post furnishing to the GST they initiated to give IGST and in GSTR-1 they had mentioned below expo...
Companies - Rate of TDS during the FY 2025-26 (Assessment Year 2026-27). Rebate under section 87A Incentives to International Financial Services Centre Extension of sunset dates for several tax concessions pertaining to IFSC Exemption on life insurance policy from IFSC Insurance offices ...
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