While consumers bear the GST, it’s the businesses vending these goods and services that remit the tax to the government. 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...
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...
What are the GST rates in India? GST rates in India are structured into four slabs: 5%, 12%, 18%, and 28%, applicable to various goods and services based on their categorization. What is the GST exemption limit? Under the GST regime in India, businesses with annual revenue below certain...
The GST Council will most probably bring down the 28% rate in its upcoming meeting by reducing the GST rate on construction items like - cement. An official told "The idea is to keep only those items in the 28 per cent slab which are used for the luxury
The GST rates are fixed under five slabs: NIL: No tax is charged on the goods or services used. 5 %: Under this tax slab, 5% tax is charged on the goods or services used. 12%: Under this tax slab, 12% tax is charged on the goods or services used. ...
Other goods or services used in these plants attract applicable GST. Certain disputes have arisen regarding GST rates where specified goods attracting 5% GST are supplied along with services of construction etc and other goods for solar power plant. To resolve the dispute the Council has recommended...
Construction industryImplementationSingaporeTaxationFollowing the implementation of the Goods and Services Tax (GST) in Singapore on 1 April 1994, examines the problems and changes which building contractors in the construction industry have made to accommodate the implementation of this tax. Highlights how...
construction projects. This includes frameworks, roofs, doors, windows, and other aluminum structures used in building construction. HSN code 7610 covers a wide range of aluminum structures that are used in construction, and it is important to understand the applicable GST rates for these products....
Multiple Tax Levels: India’s GST system has multiple tax rates, with four primary tax rates (5%, 12%, 18%, and 28%). Additionally, there is a “zero rate” for certain essential goods and services (e.g. exports). One Nation, One Tax: GST is based on the principles of value-adde...
Diminished GST rates on Statues and other ornamental articles Reduced GST rate on Bells, gongs, mirrors of base metal under HSN 8306 Reduced GST rate on Worked ivory, bone, horn, animal carving material etc Minimized GST rate on Computer monitors upto 20” ...