Dear Sir, We are the suppliers of Hydraulics, Pneumatics, Process control - Spares and systems, and general Order suppliers and also we are the contractors of Industrial Fabricators and Mastic Flooring/water proofing works. Please suggest the HSN codes and detail GST for the same. Aameena:On 2...
How does GST apply on Works Contract in Real Estate? With the aim to give a boost to the housing sector, the GST council had reduced the GST rates for real estate sector from 12% to 5%. The GST rates in the affordable housing segment were slashed from 8% to 1%. The new GST rates...
How does GST apply on Works Contract in Real Estate? With the aim to give a boost to the housing sector, the GST council had reduced the GST rates for real estate sector from 12% to 5%. The GST rates in the affordable housing segment were slashed from 8% to 1%. The new GST rates...
Revised GST rate on Fly ash Reduced GST rate on Table ware, kitchenware, other household articles under HSN 6912 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,...
Works Contract under GST Read More → GST On Freight Read More → TDS & TCS under GST Read More → Reverse Charge Mechanism under GST Read More → GST State Code List Read More → GST Codes: What are the SAC and HSN Code List? Read More → GST Rates – Services Read More → GST ...
(f) works contract including transfer of property in goods (whether as goods or in some other form) involved in the execution of a works contract; (g) transfer of the right to use any goods for any purpose (whether or not for a ...
11.How to account for works contract sales and purchases? Works contract is treated as a service under GST. The works contract purchases and sales have to be recorded as taxablepurchasesandsales. Based on theStatein which the party is located, you can select the taxableNature of transactionspr...
How does GST apply on Works Contract in Real Estate? With the aim to give a boost to the housing sector, the GST council had reduced the GST rates for real estate sector from 12% to 5%. The GST rates in the affordable housing segment were slashed from 8% to 1%. The new GST rates...
How does GST apply on Works Contract in Real Estate? With the aim to give a boost to the housing sector, the GST council had reduced the GST rates for real estate sector from 12% to 5%. The GST rates in the affordable housing segment were slashed from 8% to 1%. The new GST rates...
What is the procedure to collect GST from e-Commerce operator? When is GST charged by an e-commerce operator? How does GST collection work under e-Commerce business? As per GST Law, notwithstanding anything to the contrary contained in the Act or in any contract, arrangement or memorandum of...