The rate of Goods and Services Tax (GST) on the supply of food and drinks in a mess or canteen of an educational institution is five per cent without input tax credit (ITC).If schools up to higher secondary level supply food directly to students, then the same are exempt from...
GST is not payable on sale of Fresh vegetables, roots and tubers other than those in frozen or preserved state Potatoes, fresh or chilled falls under GST exemption list What is the concessional rate of GST on Tomatoes, fresh or chilled. Onions, shallots, garlic, leeks and other alliaceous ...
In cases where you have only collected GST at a rate of 8% on supplies made on or after 1 Jan 2024 (for example, due to system update delays), you are still obligated to account for GST at 9% in your GST return. To do this, you can calculate the output tax payable by using the...
Chapter 97 : Works of art,collectors piece and antiquesView Full Chapter Chapter 98 : Project imports,laboratory chemicals,passengers baggage,personal importation, ship storesView Full Chapter Chapter 98A : Misc. Goods Specified as falling under Any Chapter; Supplies Deemed to be as Supply, of Good...
The value of a supply is the value on which GST is chargeable. Therefore, it is important to determine the correct value of supply so that the appropriate GST amount can be ascertained. The amount of GST is the value multiplied by the tax rate. The value of ...
List of 18% GST rate items as per schedule III approved in the Goods and Services Tax Council meeting. IGST @ 18%, CGST @ 9%, SGST/ UTGST @ 9%.
“Great set of people working together. Very customer friendly. I am very satisfied with the food license registration services and will definitely come back for other similar requirements.” Arun Mahadik “They provided customized and Highly skilled CA &services. The management invests themselves in...
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...
The main reason corporate businesses go for GST Registration in Singapore is to lower the operating costs, as the real taxpayer is the consumer. The current rate of GST in Singapore stands at 7%. What is GST Registration? Goods and Services Tax or GST is collected on the supply of goods ...
4. Supply of Food/drinks in air-conditioned restaurant in 5-star or above rated Hotel shall attract GST rate of 18% with full ITC. Accordingly, the following entries of the schedule of GST Rates for Services as approved by the GST Council shall be modified as under: S No. Description ...