If you are a taxpayer and you wish to check the GST percentage of your HSN code or if you do not know your HSN code, you can find the code by providing a description. Follow the below mentioned steps. Step 1:Visit the official website of CBIC-GST. The landing page looks like this....
The amount of tax charged depends on the purchase price, as tax levied is a percentage of the cost to purchase. Here are a few examples of indirect taxes: Value-added tax (VAT): VAT is a type of indirect tax that applies to physical goods or services. It’s called “value-added ...
subject to excise duty are cigarettes, petrol and airline tickets. Excise duty and sales tax can be applied to the same purchase, or excise duty can be applied when sales tax is not. In addition, excise tax is generally a flat rate compared to sales tax, which is a percentage of the ...
It is levied as a percentage of the retail price or another specified value of the goods or services offered by an organisation. Ad valorem tax is the amount applied per dollar of an item's value. For instance, the tax applies to sports betting and indoor training. Specific Tax: The me...
How Do I Calculate GST? As stated earlier, this tax is usually calculated based on a stipulated flat-rate percentage of the total sales price of a product. While some countries charge as much as 30% for their goods and services tax rate, some charge as little as 1%-7%. Here are a fe...
More and more tourists are sharing their experiences on their social media through a combination of photos, texts, and hashtags. But there is a scarcity of studies in literature on analyzing tourists’ visual content in relation to tourism destinations.
Zoho Books is a cloud based online accounting software which helps business owners manage their finance on a day to day basis. See all the recent updates made to the application.
Thegeneration-skipping transfer (GST)tax is an additional tax on a transfer of title to a property that skips a generation. The GST tax was implemented to prevent families from avoiding the estate tax for one or more generations by making their gifts or bequests directly to their grandchildren...
VAT is commonly expressed as a percentage of the total cost of a good or service. For example, if a product costs $100 and there is a 15% VAT, the consumer pays $115 to the merchant. The merchant keeps $100 and remits $15 to the government. The VAT system is used in 174 countr...
Harris could become the first woman president. But she didn’t say that in her speech. Delegates wore suffragette white; Harris’ suit was deep navy blue. Mia McCarthy08/23/2024, 1:14am ET If Kamala Harris is elected this November, she will become the first woman president of the United...