GST laws mandate specific timelines for issuing invoices, revised bills, debit notes, andcredit notesbased on the type of supply. For goods, a GST tax invoice must be issued when the value exceeds ₹200. However, GST-registered suppliers must issue invoices upon customer request, regardless of...
Under the GST regime, both goods and services are governed by a unified taxation structure, enhancing compliance and transparency. The implementation of GST aims to streamline the tax process, ensuring efficient tax collection at every stage of the sale. The Goods and Services Tax Act was passed ...
GST Bill will be a landmark towards improving the tax structure in India. Goods and Services Tax is an Indirect Tax. GST is a single tax which will be levied on both goods and services. GST Bill will convert India into an integrated market and most of the indirect tax...
Support VAT for non-GST items. Enable tax rate type.In most of the taxation system, there is concept of tax rate type, similar to standard tax rate, reduced tax rate, and super reduced tax rate. In India GST, there are following five slabs.展开...
There are three types of GST, 1. Integrated Goods and Services Tax (IGST), 2. State Goods and Services Tax (SGST), 3. Central Goods and Services Tax (CGST),GST Types GST Rates and SlabsGST Rates and SlabsWho is liable to pay GST?
TDS is not applicable for all types of payments or on every person, there are various tax slabs according to which TDS is deducted from the taxpayer’s salary. Now that you know what is TDS, let take a look at how it can be calculated....
asbestos products are disturbed. once disturbed, the mineral fibers may become airborne and can easily enter the body. asbestos insulation history at a glance other names: block insulation, fill insulation, loose insulation, pipe insulation, spray-on insulation years of manufacture: 1866 – 1990 ...
Understand what HSN codes are, their structure, and their significance in GST compliance. Learn how to identify and use HSN codes for your business.
Each of these meetings resulted in significant amendments to GST laws, the widening of the GST net as more goods and services were brought under the GST radar, changes in tax slabs and finally, measures to ease tax payment and curb tax fraud. In this article, we throw light over some ...
HSN Code System Under GST With the introduction of GST, HSN codes are implemented through a 3-tiered system: Turnover under ₹1.5 crore: No requirement to use HSN codes. Turnover between ₹1.5 crore and ₹5 crore: Mandatory use of 2-digit HSN codes. ...