Under the GST, supply of goods and/or services can be classified into two major categories - Taxable supplies and Non-taxable supplies. These are further classified into different types based on the nature of supply made. Taxable Supplies - These refer to supply of goods and/or services that...
The collected IGST of ₹1,800 by the central government is then divided, with ₹900 going to the central government and ₹900 to the receiving state (Delhi). 4. What is UTGST? UTGST stands for Union Territory Goods and Services Tax. It is a tax levied on the supply of goods an...
CGST, SGST, IGST & UTGST are the 4 components or types of GST with a concept of one tax one nation. Read the details of CGST, SGST, IGST & UTGST.
GSTR 8 filing for a month is due on 10th of the following month. 11 GSTR 9 Annual Return : GSTR 9is an annual return to be filed once in a year by the registered taxpayers under GST including those registered under composition levy scheme (GSTR 9A) and those engaged in the supply ...
Retail businesses that offer automatic delivery or replenishment of goods, such as office supply companies or pet food suppliers. Landlords or property management companies that collect rent regularly. Utility companies that bill customers for usage on a monthly basis. Healthcare providers that offer on...
Refund of Input Tax Credit (ITC) of GST, FAQ Migration procedures for existing VAT payers to GST online in India Refund of GST paid in India, FAQ 4 Conditions when applying for refund of Input Tax Credit (ITC) under GST Enrolling an existing VAT taxpayers at the GST Common Portal ...
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GST: GST stands for Goods and Services Tax, which is a multistage, destination-based tax, introduced in India recently to subsume many indirect taxes levied in the country. It is imposed on value addition made at each stage, on the supply of goods and services. ...
In the GSTR-2 form, the recipient must include information about inward supplies of taxable goods and services. Step 9: The supplier can accept or reject any changes made to the GSTR-1A information provided by the recipient regarding inward supply. How to File GST Returns with GSTN? The...
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