GST is not payable on sale of Fresh vegetables, roots and tubers other than those in frozen or preserved state Potatoes, fresh or chilled falls under GST exemption list What is the concessional rate of GST on Tomatoes, fresh or chilled. Onions, shallots, garlic, leeks and other alliaceous ...
Read About: List of Goods and Service Tax (GST) Rates Why is the GST HSN Code Important? The HSN is a systematic and logical classification system developed by the World Customs Organization to categorise goods worldwide. 1. Systematic Classification The primary purpose of the HSN is to system...
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. 18%: Under this tax slab,...
Goods and Service Tax (GST) rate tariff in India is designed in 6 categories of goods and services. Four main GST rate slabs framed with Essential goods and services, Standard goods and services and luxury goods and services with 5%, 12%, 18% and 28% respectively. Commonly used Goods and...
4 Conditions when applying for refund of Input Tax Credit (ITC) under GST Difference between types of goods and services and types of GST 4 types of Goods and Services in India for GST rate Difference between IGST on International goods and IGST on domestic goods. ...
Present Indian GST charges on Machinery? Goods and Service Tax rate for Machinery? GST duty payable on Machinery? This information is about GST rate tariff on Machinery. The GST Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on cer...
The Goods and Services Tax (GST) landscape in India is set for a significant shift with the introduction of the GST e-Invoice Rule Change 2025. This is because businesses will be required to upload their e-invoices to the Invoice Registration Portal (IRP) within 30 days of issuance. Thus,...
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 (...
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...
Government wants a single tax slab under GSTBy Sanjiv Shankaran