The officials are pressurizing the government to rework the Goods and Services Tax (GST) slabs andincrease the rates of GST. The officials have also been suggesting that the government should correct the inverted duty structure on fertilizers, footwear, and garments as there are signs of high e...
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 HSN Code Example and Format HSN Code List with GST Rates: Chapter-Wise Distribution of Commodities. Why is the GST HSN Code Important? Who Should Use the GST HSN Code? How Can Businesses Implement HSN Codes in their Process? Conclusion Frequently Asked Questions (FAQs) What Is HSN Code...
theGST ratesbracket. It’s clear that the government’s intentions are to have lower tax rate for goods and services which are essential needs and higher tax rates for goods and services that are considered as luxury supplies. Confused about which tax slab do your products/services fall under...
Why is the GoM Proposing GST Hike on Tobacco and Drinks? Right now, tobacco and fizzy drinks fall under the 28% slab. The group of … Read more Categories GST Tags Drinks to 35%, Effect of GST Hike on Tobacco & Drinks to 35%, GoM Proposes GST Hike on Tobacco, GST Hike on Tobacco...
GST Advisory services are to evaluate the fiscal impact of GST on business and product pricing. Our GST Advisory experts will help you obtain GST refunds and undertake GST compliances.
No reform is ever perfect. In general, GST reform will benefit India tremendously, but shortcomings remain in terms of design and enforcement. For instance, the four-slab structure of the GST could disturb production activities. Preparation, drafting, debate and implementation of GST rules cannot ...
Government wants a single tax slab under GSTBy Sanjiv Shankaran
Walmart calls GST rates progressive, but cola makers cautious Indiaretailing Bureau - November 6, 2016 Walmart on Thursday welcomed the four-tier tax structure for GST, but aerated drink makers like PepsiCo and Coca Cola were guarded in their response, saying they will wait for the details ...
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 ...