Goods and Service Tax
GST Applicability & Tax Rates on Graphic Design Services
GST Applicability & Tax Rates on Graphic Design Services in India 1. Introduction In today’s digital-first economy, graphic design services play a crucial role across industries — from advertising and branding to social media and web development. ...
GST Applicability & Tax Rates on Health Care
GST on Healthcare Services – GST Applicability, Taxability and Exemption Limit for Services The ‘Goods and Services Tax’ journey was started, in the year 2000, when the GST committee was set up. It took long 17 years for the GST law to evolve in ...
GST Applicability & Tax Rates on Travel
Overview With the introduction of the Goods and Services Tax (GST), the Indian travel and tourism industry saw a major revamp in its indirect tax structure. Whether you're booking flights, hotel rooms, or travel packages, GST plays a key role in ...
GST Applicability & Tax Rates on Travel
Overview With the introduction of the Goods and Services Tax (GST), the Indian travel and tourism industry saw a major revamp in its indirect tax structure. Whether you're booking flights, hotel rooms, or travel packages, GST plays a key role in ...
GST Applicability & Tax Rates on Agriculture
The Goods and Services Tax (GST) was introduced in India on July 1, 2017, as a transformative measure aimed at creating a unified tax structure that eliminates the cascading effect of taxes and enhances compliance. While GST has significantly ...
GST Applicability & Tax Rates on Textiles
Introduction The Goods and Services Tax (GST) is a comprehensive tax structure implemented in India on July 1, 2017. It aimed to streamline the tax system by replacing a myriad of indirect taxes with a single tax on the supply of goods and services. ...
GST Applicability & Tax Rates on Consulting Services
GST Applicability & Tax Rates on Consulting Services Introduction Goods and Services Tax (GST) was introduced in India on July 1, 2017, to create a unified tax structure. It aims to simplify the taxation process, enhance compliance, and eliminate the ...
What is GST Applicability & Tax Rates on Construction?
1. Introduction This section will provide a brief overview of GST and its relevance to the construction industry, discussing the transformative impact of GST on how construction services are taxed and delivered. 2. Overview of GST Definition Goods ...
GST Applicability & Tax Rates on Logistics
The introduction of the Goods and Services Tax (GST) on July 1, 2017, was one of the most significant tax reforms in Indian history. Its primary aim was to streamline and simplify the indirect taxation system by replacing a plethora of central and ...
GST Applicability & Tax Rates on Consumer Goods
GST Applicability & Tax Rates on Consumer Goods: A Comprehensive Guide Introduction Goods and Services Tax (GST) is a unified indirect tax that replaced multiple indirect taxes in India. Implemented on July 1, 2017, GST aims to streamline the ...
GST Applicability & Tax Rates on Manufacturing
Goods and Services Tax (GST), introduced in India on July 1, 2017, is one of the most significant reforms in the country’s tax structure. It replaced multiple indirect taxes like excise duty, VAT, service tax, and others, creating a unified taxation ...
GST Applicability & Tax Rates on Real Estate
The Goods and Services Tax (GST) has significantly impacted the real estate sector in India, streamlining various indirect taxes into a single, unified structure. However, understanding GST’s implications in the real estate sector can be challenging ...
पिछले वित्तीय वर्ष से संबंधित GST सुधार करने का अंतिम मौका।
GST अधिनियम के अनुसार, संशोधित रिटर्न दाखिल करने का कोई प्रावधान नहीं है। परिणामस्वरूप, एक बार GSTR-1 और GSTR-3B दाखिल होने के बाद उन्हें संशोधित नहीं किया जा सकता है। बाह्य आपूर्ति, इनपुट टैक्स क्रेडिट (ITC) दावों, और अन्य क्षेत्रों जैसे ग्राहक का ...
Last Chance to do GST Rectifications relating to Previous Financial year
According to the GST Act, there is no provision for filing revised returns. Consequently, once GSTR-1 and GSTR-3B are filed, they cannot be revised. Any necessary corrections, additions, or reductions in outward supplies, Input Tax Credit (ITC) ...
GST Applicability & Tax Rates on Digital Marketing
Introduction The introduction of the Goods and Services Tax (GST) in India has transformed the landscape of taxation, affecting various sectors, including digital marketing. As businesses increasingly shift their marketing strategies to the digital ...
GST Applicability & Tax Rates on Health and Fitness Services
Introduction The implementation of the Goods and Services Tax (GST) in India has significantly streamlined the taxation system, bringing various goods and services under its purview. Health and fitness services, being an integral part of the service ...
GST Applicability & Tax Rates on Cement Industry
The Indian cement industry is the 2nd largest cement producer in the world after China. The Indian Government is highly focused on developing infrastructure, affordable housing, and roads as announced by the finance minister Mr. Arun Jaitley in the ...
How to file GST returns in Bangalore?
INTRODUCTION: Goods and Services Tax (GST) has revolutionized the Indian tax system by replacing multiple indirect taxes with a single, unified tax regime. For businesses operating in Bangalore, the process of filing GST returns is crucial for ...
GST Invoicing in Case of Online Aggregators like Urban Company, Ola or Uber
To understand the affect of GST on UrbanClap we have to understand what type of business transactions does urbanclap does. What is Urbanclap? UrbanClap is a platform to make our urban lives more fulfilling to solve our needs in a clap. Hence the ...
GST Registration In Bangalore
Introduction to GST Registration Goods and Services Tax (GST) is a comprehensive, indirect tax levied on the supply of goods and services in India. It has replaced various indirect taxes like VAT, Service Tax, and Excise Duty. GST registration is ...
GST Applicability & Tax Rates on Art & Culture
Art work, antiques etc. Falls under HSN code chapter 97 of GST commodity tariff schedule. The details about GST rate changes for sale of art work, antiques etc. Are being updated here. The notification changes on exemptions for GST for sale of art ...
GST Applicability & Tax Rates on Research & Development
Leveraging Existing Policies/Schemes for R&D Tax/Expenditure Relief With Indian entities (including Global Corporations having R&D Operations in India) nowadays becoming more and more Research (R&D) oriented, it is imperative that Research ...
GST Applicability & Tax Rate on Biotechnology
The rationalization of the goods and services tax (GST) rates has dealt a severe blow to Indian scientists. As the tax rates on scientific and technical instruments to public research institutes went up from 5% to “applicable rates,” scientists will ...
GST Applicability & Tax Rates on Bank & NBFC
The introduction of GST in India is a substantial shift from the current tax regime. It is expected that service sectors will have a major impact on GST than the manufacturing or trading sector. Among the services provided by Banks and NBFCs, ...
GST Applicability & Tax Rates on Aviation
Cross credits for aircraft lease taxes under the GST system will be a great boost for the local service industry. However, the Government will need to carefully consider the inflationary impact of keeping aircraft fuels outside GST. With increasing ...
GST Applicability & Tax Rates on Mining & Minerals
Mining in India is one of the core sectors from where the Government is getting good revenue whether it be in the nature of license fees royalty or leases for mining to private entities. The minerals and mining sector in India is governed by the ...
GST Applicability & Tax Rate on Furniture Manufacturer
Impact of GST Rate on Furniture Manufacturer The tax rate on certain goods and services under GST was declared by the GST council in the meeting held on 18th May 2017. We will be doing a complete analysis of the changes in the tax rate for different ...
Form DRC-01C for ITC Mismatches in GSTR-2B and GSTR-3B
Rule 88D of the CGST Rules: "88D. Manner of dealing with difference in input tax credit available in auto-generated statement containing the details of input tax credit and that availed in return.- (1) Where the amount of input tax credit availed by ...
GST Applicability & Tax Rates on Sports and Athletics
The Goods and Services Tax (GST) has transformed the Indian tax landscape since its implementation in 2017. It has replaced multiple indirect taxes, streamlining the taxation system and impacting various sectors, including sports and athletics. GST ...
GST Applicability & Tax Rates on Printing and Publishing
The Goods and Services Tax (GST) regime, introduced in India on July 1, 2017, brought about significant changes in the taxation system. One of the sectors that saw substantial implications was the printing and publishing industry. This article aims ...
GST Applicability & Tax Rates on Pharmaceuticals
Under the GST system, pharmaceuticals are classified as goods and are subject to GST. This means that manufacturers, distributors, and retailers involved in the pharmaceutical industry are required to comply with GST regulations. NIL GST Rate on ...
GST Applicability & Tax Rates on Hospitality
Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. It has replaced multiple taxes and has simplified the taxation system. When it comes to the hospitality industry in India, GST is ...
GST Applicability & Tax Rates on Insurance and Banking
Introduction Goods and Services Tax (GST) is a significant indirect tax reform that was introduced in India on July 1, 2017, replacing the complex web of indirect taxes like VAT, service tax, excise duty, and others. GST has brought about a uniform ...
GST Applicability & Tax Rates on Iron and Steel
GST Applicability & Tax Rates on Iron and Steel Introduction The Goods and Services Tax (GST) introduced in India on July 1, 2017, is a comprehensive indirect tax system that has replaced the previous complex structure of taxes, such as Value Added ...
Goods & Service Tax on Electrical Industry
Impact of GST on the Electronics Industry In general, GST registration online has had a considerable impact on the electronics industry. As per the GST Act, household items (which form a large percentage of the items purchased by consumers of ...
GST Applicability & Tax Rates on Advertising and Marketing
Introduction The Goods and Services Tax (GST) system has revolutionized the Indian taxation landscape since its implementation in 2017. One of the key sectors impacted by GST is advertising and marketing, which plays a pivotal role in the promotion ...
GST Applicability & Tax Rates on Electrical Industry
Goods and Services Tax (GST) Applicability & Tax Rates in the Electrical Industry The Goods and Services Tax (GST) is a significant tax reform in India that has streamlined the taxation system by replacing multiple indirect taxes with a unified tax ...
GST Applicability & Tax Rates on Supply Chain Management
The Goods and Services Tax (GST) has been a game-changer in the Indian tax landscape since its implementation on July 1, 2017. This comprehensive indirect tax reform has not only simplified the taxation system but also significantly impacted various ...
GST Applicability & Tax Rates on Automobile
The Goods and Services Tax (GST) was introduced in India on July 1, 2017, with the aim of simplifying the country's complex tax structure and unifying the taxation system. One of the significant sectors impacted by GST is the automobile industry. In ...
GST Applicability & Tax Rates on Cement Industry
The Goods and Services Tax (GST) is a comprehensive tax reform implemented in India in July 2017, aimed at simplifying the tax structure and reducing the cascading effect of taxes. The cement industry, being a crucial sector for the Indian economy, ...
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