All goods other than in frozen state and put up in unit containers is exempted to pay GST. GST concession on Meat of bovine animals, fresh and chilled. No GST payable on Meat of swine, fresh or chilled. GST on Meat of sheep or goats, fresh or chilled is nil rate. No GST payable o...
With effect from 1stJanuary 2022, liability to pay GST on bus transportation services supplied through Electronic Commerce Operators (ECOs) has been placed on the ECO under section 9(5) of CGST Act, 2017. This trade facilitation measure was taken on the representation of industry association that...
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...
GST Rate on Labour Charges Read More→ SAC Codes Read More→ Real Estate GST Rates – Recent Clarifications Read More→ UQC (Unit Quantity Code) in GST Read More→ Tax Liability on Transportation Charges in Invoice Read More→ Input tax Credit ...
(14) To reduce GST rate on transportation of petroleum crude and petroleum products (MS, HSD, ATF) from 18% to 5% without ITC and 12% with ITC. (15) To exempt dollar denominated services provided by financial intermediaries located in IFSC SEZ, which have been deemed to be outside India...
Simplified Tax Structure: The uniform 18% GST rate across India under HSN code 8517 replaced the complex VAT system, reducing compliance burdens and operational complexities. Input Tax Credit (ITC): Dealers can claim ITC on inputs like rent, electricity, and transportation, improving cash flow. ...
Transportation Construction Services Intellectual Property Rights Education Tour Operators Health Care Job Work Entertainment FAQs on GST Rate Finder Know before you use the GST Rate Finder: Step 1: Firstly, HSN is required to be determined.
Making charges are what goldsmiths will charge for their services, and they will be subject to a 5% GST. However, if these goldsmiths or specialists are not GST registered, then the gold merchant or jeweler must pay GST on a reverse charge basis at the rate of 5%. Consumers have to pay...
GST rate for HSN 9401 is 5%/12%/18% Source https://cbic-gst.gov.in/gst-goods-services-rates.html No such validation is kept on the portal. Sources: https://www.gstn.org.in/faqs-category-details#1Div Reply Ronak Shah August 25, 2021 at 2:52 pm My turnover is exceeded in Aug ...
Applied to household necessities and transportation services, ensuring everyday essentials remain accessible. 12% Covers standard goods and processed food items, balancing affordability with quality. 18% The most common rate, applied to a wide range of goods and services including electronics, commercial...