Sale of vehicles by a registered person who had procured the vehicle prior to July 1 and has not availed any input tax credits of central excise duty, VAT or any other taxes paid on such motor vehicles, would also be subject to 65 percent of applicable GST rate (including compensation ces...
(either petrol or diesel) shall impose the highest cess rate of 22% when the vehicle counts in any of the following three specifications, first unladen (without passenger weight) ground clearance of 170mm– before that, the same condition was on the laden basis (with passenger weight), it ...
CA. Sourav Sarkar (Chartered Accountant ) (24583 Points) Replied 24 April 2021 On rent GST rate is 18%on travel rate is 18%on goods delivery vehicle is 5% No ITC OR 12% with ITC Upgrade to CAclubindia Pro. Subscribe Now!Leave a reply Your are not logged in . Please login to ...
GST is not payable on Human hair, unworked, whether or not washed or scoured; waste of human hair Semen including frozen semen. GST on Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage is nil rate. GST is not payable on sale of Fresh vegetables...
Composition Scheme under GST is a relief mechanism, especially for small taxpayers, wherein they can not only have comparatively less tedious compliance practices to deal with, but also pay GST at a lower, fixed composition tax rate on their turnover. In this section, you will get a complete...
Gst on hired vehicle repair maintenance Return defective due to turnover mismatched with I Ineligible ITC availed and later reversed under wr Temples GST HSN Tax filing for the belated payment credit Legal service RCM OUT OF STATE ADDITIONAL PLACE OF BUSINESS ...
This credit note will help you to avoid paying GST on sales that did not actually take place. 5. Checking credit for Reverse Charge It is important to cross-check your books of account to confirm if you have paid GST under RCM for proper transactions at the appropriate rate and claimed ...
A generation-skipping trust is a legal vehicle that allows wealthy individuals to reduce their tax burdens when they pass on their wealth. Instead of paying estate taxes with each generation, these trusts are taxed only once as they pass wealth on to grandchildren or other generation-skipping hei...
Where you choose to indicate the tax payable or the tax rate on invoices, receipts, or written contracts, you have to indicate: the total dollar amount of the tax payable; or the 5% GST rate or the 13% HST rate that applies to the supply. This means that if HST applies to the suppl...
Government Extends Deadline to opt for Old GST rate on Real Estate The 34th GST council meeting had proposed the new GST rates applicable to the Real estate sector. The government had given approval to the new GST rates on the housing sector and had made them mandatory from 1st April 2019...