Seems like out ask via the local circles for moving from 4 rate GST to 3 rate GST system has been accepted by GST counicil per their announcement yesterday.
If selling say 3 meters of cloth, billing one metre of cloth at `999 so that it could be taxed at 5% rather than at 12%. above 1000, tax rate is 12% and under 1000 at 5%. the seller who ...
Upon consideration of the matter, the Central Board of Direct Taxes (CBDT) extends the ‘Due Date’ for filing of Income Tax Returns from 31st July, 2018 to 31st August, 2018 in respect o...
I am living in Amarprakash Appts, Chennai. The builder is doing maintenance of the Apartment. The maintenance charge is Rs3/- per Sq.ft.He charges GST 18% on this. As all the houses are between 100...
I have started liking the GST since the last 2 rate cuts by Government but one area where relief is badly badly needed is Services. We get taxed at 18% for services. Hair cut, catering, movies, ac ...
We are manufacturer of packaging machines in Mumbai, Maharashtra. We have sold one machine to party named “SIM” who is also in Maharashtra, against its PO. It was clearly mentioned in t...
Below are the detailed GST rate changes for your ready reference circle friends. See seperate post on services. GST rates reduction on 28% items: 28% to 18% Paints and varnishe...
Sector –Farmers/ Agriculture/ Food Processing 1. Exempt services by way of artificial insemination of livestock (other than horses). 2. ...
Everybody thinks this is a pro-woman, progressive move. The fact is, exempt items can't avail of input tax credits, which means they'll be more expensive to manufacture, which in turn means pads wi...
We are facing a problem that some of our client don’t pay after receiving our service / goods. We have to pay GST without receiving from our client. What is the procedure of getting GST...
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