oGo toGateway of Tally>Display>Statutory Reports>GST>GST Rate Setup, and enter the HSN code in theGST Rate Setupscreen. Recording Transactions under GST 1.How to record expenses incurred in the furtherance of business like rent, telephone expenses, stationery and so on, and claim them under ...
2.25% Reduced Hospital and cleaning services; advanced trade rate on imported items 1.5% Reduced Land development 0% Zero Exports Barbados VAT rates Rate Type Which goods or services 22% Higher Cell phone services 17.5% Standard All other supplies of goods or services 10% Reduced Certain tourism...
If a taxable person has different segments of businesses ( such as stationery, medicines, electronic accessories, furniture etc.) under the same PAN, they must register all such businesses under the scheme collectively. The taxpayer has to mention the words “ composition taxable person” on every...
9. Reconciliation of rate wise liability and amount payable thereon The table provides for the reconciliation of tax paid as per reconciliation statement and amount of tax paid as declared in Annual Return (GSTR 9). Under the head labelled ―RC‖, supplies where the tax was paid on reverse...
Most stationery vendors might keep on going with remain unregistered as they might hint at that their turnover is under Rs 20 lakh – the threshold for GST exemption. Description; Post GST, corporates are not providing stationery to employees as the tax rates and codes for a large amount of...
4.9704 Postage or revenue stamps, stamp-postmarks, first-day covers, postal stationery (stamped paper), and the like, used or unused, other than those of heading 4907. [Note :Rate prescribed by GST Council Meeting dated 11-6-2017 is as under : ...
A business may incur day-to-day expenses such as rent, telephone bills, Internet Bill, stationery, petty-cash expenses, and so on, to carry out the operations. These expenses attract GST and you are eligible to claim the Input Tax Credit. ...