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...
GST on freight - Know GST rate on freight charges, goods transport agent, the provisions for registration, tax liability and tax credit for GTA under GST.
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...
4. The applicant submitted that with the advent of GST with effect from01.07.2017, the services provided by the applicant are classifiable under heading No. 9954 (Construction service) as per the Scheme of classification of service annexed to the Notificat...
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Based on the suggestions of the rate fitment committee, the GST Council has proposed to rationalize the rate of tax on various goods & services effective 15 November 2017. The luxury items / sin goods on which compensation cess is leviable and other parts of aircrafts, vessels or automotive ...
A sales tax is imposed on selling goods and services at the point of purchase. The rate of the tax may vary depending on the jurisdiction and the type of product or service being sold. How Sales Tax Is Applied: The price of a product is added to the sales tax when you buy it. If...
Many economies in the world depend on indirect taxes. But what is it and why should you care? Indirect taxes are those applied to products and services rather than income or profits. They are paid by consumers when they buy such goods and services. ...
Person Liable to Pay GST on GTA services The liability to pay GST devolves on the recipients for supply of services by a goods transport agency (GTA)who has not paidcentral tax at the rate of 6%, in respect of transportation of goods by road(in terms ofnotification no. 13/2017-Central...
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