the total cost becomes ₹105. Upon adding ₹50 in value to the product, he sells it for ₹155. The GST on ₹155 is ₹7.75, but he can claim an input tax credit of ₹5 for the GST paid on raw materials. Therefore, the net GST liability of the manufacturer is ₹2.75...
Visit the GST Portal: Go to the official GST portal at gst.gov.in. Navigate to Challan: On the homepage, click on ‘Services’ > ‘Payments’ > ‘Create Challan’. Enter GSTIN or Other ID: Input your GSTIN, temporary ID, or other identification details. Generating a GST Challan After...
How much GST on Hotel Business? Goods & Services Tax is undoubtedly the most remarkable economic reform that is steadily leading the nation towards the path of excellence. Evidently, the GST law is has covered almost all types of traders and business under its ambit. Today, various traders ...
the GST login portal (www.gst.gov.in) is the answer. It is a website where all the compliance activities ofGSTsuch as GST registration, payment of taxes, return filing, application for a refund, etc. can be done. These activities can be carried out before and after GST gov login. ...
Now, my understanding is that these types of guarantees have been around for a long time, even pre-GST. But why this sudden buzz? Why are we hearing so much about corporate guarantees being taxed when they have always been there, perhaps as a service offering, if we wanted to ...
How to identify the steps in enrolment process of a tax payer at the GST common portal. I pay Service Tax on my services. But I am not sure how do I pay the new GST? Process to issue GST Provisional ID to existing VAT payers in India ...
how we can add India GST number for the future billings in our apple account Windows, Windows 10 Posted on Sep 18, 2024 5:04 AM Me too Reply 1 reply Sort By: Rank Page content loaded User profile for user: Limnos Limnos User level: Level 10 418,591 points Sep 18, 2024 6...
Example: India's Adoption of the GST India established a dual GST structure in 2017, which was the biggest reform in the country's tax structure in decades.9The main objective of incorporating the GST was to eliminate tax on tax, ordouble taxation, which cascades from the manufacturing level...
How GST affects meNamita Shah
Let's go through the steps below to view how the GST is computed on Deskera Mobile App. Select the right HSN code Pick the right HSN code auto-populated from the system 1. Tap on the 'Product' Icon. 2. Create a new product as per usual. For India, you will need to indicate the...