IGST is charged when movement of goods and services from one state to another. For example, if goods are moved from Tamil Nadu to Kerala, IGST is levied on such goods. The revenue out of IGST is shared by state government and central government as per the rates fixed by the authorities....
Dual GST is a system where both the central and state governments levy GST on a common tax base. The central GST (CGST) and state GST (SGST) are charged on intra-state supplies, while the integrated GST (IGST) is charged on inter-state supplies. The IGST is apportioned between the cent...
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Difference between IGST on International goods and IGST on domestic goods. HOw is IGST calculated under Imports? How is IGST rate on imports treated? GST and e-Commerce Business, FAQ Definition of E-Commerce under GST TDS under GST, Frequently Asked Questions How to claim IGST refund on exports?
1. Who is eligible for ITC in GST? A registered taxable individual or entity that pays applicable taxes during business activities can claim ITC. 2. What is meant by input tax? Input tax includes CGST, SGST, IGST, UTGST, and taxes under the reverse charge mechanism. It excludes taxes pai...
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You can now enable endorsements for SEZ and overseas customers, indicating whether the supply is made with or without the payment of integrated GST (IGST). This feature is only supported in Spreadsheet and Standard invoice templates, and your business must be GST-registered. 21 October 2024 Assoc...
How is IGST rate on imports treated? How to register a Digital Signature Certificate under GST in India.GST and e-Commerce Business, FAQ Definition of E-Commerce under GST How to identify the steps in enrolment process of a tax payer at the GST common portal. ...
The CGST and the SGST have a late fee of Rs. 100 each. Rs.5000 rupees is the maximum amount. IGST does not have a late fee. For those who file GSTR-1 and GSTR-3B, a reduced late fee of Rs. 50 per day of delay is currently applicable, whereas it is Rs. 20 for NIL returns...
The WHT tax group isn't editable during invoice processing in India Legal Entity when a transaction is posted through the Pending invoice page. With this fix, the TDS/TCS group will be editable on the Purchase order pending invoice page for the line. You will be able to update the TDS/...