In India, the tax system is unique and different compared to other countries. If you are running your business in India, I'm sure you have come across this term known as'GST Cess.' So, what is a 'GST Cess?' Let me start by explaining the word 'cess.' According to the dictionary,...
GST is a newly passed bill which calls for a common tax over the nation and just one single type of tax filtering ll the extra and indirect taxes. It will replace VAT, service tax and excise in every business that will have to mandatorily register under it. The cost of tax on all ...
As per GST Law, aggregate turnover does not include value of supplies on which tax is levied on reverse charge basis, and value of inward supplies. This post explains about categories included under GST and categories excluded under GST in India. If you would like to add more information abo...
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....
Upcoming fixes in 10.0.4 This article includes a summary of the new features and critical bug fixes released in Dynamics 365 Finance version 10.0.03 for India GST localization.New features and updatesGST solution document is updatedUpdates have been made to the following article, India Goods and...
This article provides a summary of the new features and critical bug fixes that were released in Microsoft Dynamics 365 Finance versions 10.0.15 through 10.0.19 for the Indian Goods and Services Tax (GST) localization.New featuresTCS on sale of goods...
Similar to Singapore's Goods and Services Tax (GST), China imposes a VAT on imports. General taxpayers, who have annual taxable income above ¥5 million, pay between 6% and 13% VAT. Small-scale taxpayers with an annual taxable income worth ¥5 million and below pay 3% of VAT. Here...
India South Korea Zimbabwe 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 ...
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Check out all the latest product updates in Zoho Books 22 October 2024 Enable Export/SEZ Endorsement 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 ...