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 pert
GST on Goods Transport, Goods and Services Tax - GST Issue Id: - 119576 Dated: 6-2-2025 By:- Mihir Modak GST on Goods Transport Contents We are providing service for transportation of goods from ports to business premises. We subcontract the work to GTA or Truck owner. The GTA is ...
1. GST on Transportation Services If the packers and movers only provide transportation services without ancillary services like packing or loading, the applicable GST rate is 5% without Input Tax Credit (ITC). This falls under the category ofGST on Transport Services. ...
GST on Gold Bars and Coins For gold bars and coins, the GST rate is also3%, but it’s applied solely to the value of the gold itself. Since there are no additional services or making charges involved, the tax calculation is straightforward. ...
6. Goods and services tax (GST) on infrastructure, fuel, and environmental items Objects in this classification that previously had a GST of 28% now have a GST of 18%. Items that earlier had an 18% GST rate now have a 12% GST rate. ...
In the 47th GST council meeting, make changes in the GST rate on goods and services made by GoM rationalization. It has been applied to various items such as daily household, kitchen appliances, and transport/services which are directly impacted by a common man’s budget. These GST rate chan...
We are thrilled to announce a game-changing upgrade to our reconciliation capabilities—IRIS is the first to integrate IMS with 2A data, enabling rate-level reconciliation for unmatched accuracy and insights. Previously, IMS reconciliation was limited by the data available. With this enhancement, our...
Transport of specified goods as per Annexure to Rule 138(14), goods treated as no supply in Schedule III, and certain goods in Schedule to Central Tax Rate notifications. What is the Validity of the e-Way Bill? This section explains the duration for which an E-Way Bill remains valid, pr...
GST service number 996712 Customs House Agent services GST service code 996713 Clearing and forwarding services HSN GST number 996719 Other cargo and baggage handling services Click here to go back GST service codes home page Click here to know GST rate on Goods and Services ...
That’s why Shopify does not come with an automatically set GST rate. Shopify has set some defaults that you must update based on what you sell, where your business is located and where you intend to sell the products and services.