Unique rates for specific categories Gold and precious stones: 3% Composition Scheme rates: 1% to 6% depending on business type (e.g., small manufacturers: 1%, restaurants (not serving alcohol): 5%) Understanding these rates helps businesses comply with tax regulations and allows consumers to be...
For issuances of invoice in 2023 for a delivery that will be made in 2024, should I charge 9% GST? No. If you’re issuing an invoice in 2023, the GST rate is 8%. Can I show both old and new GST rates in the same tax invoice for billings that straddle the GST rate change? Yes...
The implementation of GST and new GST slab rates has brought several advantages to mobile phone dealers: 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 (...
GST rates on mobile phones and accessories for mobile phones are determined under HSN Chapter 85. HSN Chapter 85 has different GST rate slabs according to which GST rates are applicable on the purchase of mobile phones. Therefore it is mandatory to mark the correct HSN code to prevent wrong ...
Please refer to the list of dutiable goods for their respective duty rates. All other products are non-dutiable.“” 新加坡关税和增值税起征点: 一样,都是400新加坡币(约合人民币2000RMB,298USD)。低于此起征点,不需要缴纳关税和增值税。 征税条款为: CIF,包含货物价值+保险+运费。 以下引用自新加坡海...
price of 24 carat gold. This is primarily due to theconsolidation of various taxesinto a single GST rate, which has resulted in a slightly higher overall tax burden. However, the increase in price has been relatively moderate compared to the potential impact of a significant hike inGST rates...
On August 2nd 2023, the GST Council is most likely to meet for the 51st GST Council Meeting so as to discuss the rates for online gaming. This is seen as a significant move after the decisions made in the 50th GST Council meeting on July 11, 2023. The government has released a new ...
GST Circular No 247/4/2025: Clarification regarding GST rates & classification (goods) based on the recommendations of the GST Council in its 55th meeting held on 21st December, 2024, at Jaisalmer. Union Budget 2025 Finance Minister Nirmala Sitharaman presented the Union Budget 2025 on February ...
Services CategoryGST RatesHSN Codes Construction GST Rate (General) 18% 9954 Affordable Housing Apartment GST on construction services (from April 1, 2019) 1%* 9954 GST on Building Non-affordable Housing Apartments (from April 1, 2019) 5%* 9954 Commercial Apartments in REP (except RREP) 12%*...
Top performance areas remain the automation of tax compliances including e invoicing initiatives. Priorities for GST 2.0 include rationalising GST rates, measures to improve dispute resolution, removal of input tax credit restrictions, unlocking of working capital, introduction of faceless assessment and ...