Given that the restaurant and foodservice industry was valued at INR 4 trillion in FY 2020 according to s… Deskera BlogDeskera Content TeamGST Rate on Furniture Manufacturers Running a business in India comes along with paying taxes to the IndianGovernment. This goes unsaid and if you are a ...
Processed food items (e.g., fruit juices) Computers Ayurvedic medicines Sewing machines Low-cost hotels (₹1,001-₹7,500) 18% Standard rate for most goods and services Financial services and insurance Telecom services IT services Restaurant services (non-AC) ...
Australia’s GST rate is 10%. GST-registered businesses add this to the prices they charge, collect it on the government’s behalf, then pay it to the Australian Taxation Office (ATO). Although a business pays GST on its supplies and purchases, it can usually claim the money back through...
“At Ikea Singapore, we will implement the GST rate increase of 1% on January 1st 2023. But we will absorb the GST rate increase and will not put prices up as a result of the GST rate change online or in-store. This also applies to the Ikea food range and our services.” 2. March...
It is official: the two-month GST/HST break on certain “holiday essentials,” effective from December 14, 2024, to February 15, 2025, received Royal Assent on December 12, 2024. During the eligible period, the tax rate for certain p...
In order to give a push to Digital transactions in India, Union Cabinet approved the proposal that government will bear the merchant discount rate (MDR) charges for transactions up to Read More 01 Jan 1970Posted By: E-StartupIndia Hold on! There is no further adjournment of GSTR-1 ...
GST or Goods and Services Tax as the name implies, it is an indirect tax applied both on goods and services at a uniform rate. A single form of tax known as GST has applied throughout the country. Goods and Services Tax (GST)-A new law, a new tax will bring with it new ...
Moreover, the GST council has already brought into effect GST rate cuts on several commodities in the 28th GST council meeting. #3. What decision has been taken regarding GST on petrol & diesel? The matter of inclusion of petrol & diesel under the GST ambit is still on...
Service provided by way of cooking and supply of food, by cloud kitchens/central kitchens are covered under „restaurant service‟, as defined in notification No. 11/2017- Central Tax (Rate) and attract 5% GST [without ITC]. 2. Supply of ice cream by ice cream parlors ice cream parlor...
On the other hand, the MRP of some products, including FMCG products, has been reduced because of the reduced tax rate under GST. GST Rules for Change in MRP Due to Increase or Decrease in Tax As per the GST norms, a manufacturer is required to adjust the MRP of his/her products in...