Implementation of Goods and Service Tax changed the way of doing business in India. Right from the very implementation point, it has impacted various industries, iron and steel industry not been excluded. It is this backdrop that this paper will attempt to look at the tax rate under GST for iron and steel, the effect … Read more
The two crucial aspects of GST are TDS and TCS that impacts how you do compliances and business operations. Lets understand the difference between TDS and TCS under GST. Understanding TDS under GST In TDS, the payer deducts GST. You have to pay tax deducted at source (TDS) to the government when payments are made … Read more
According to the Indian government, there have been some significant changes to the rates of GST on gold. GST on gold will be a fixed GST percentage of 4%. This is quite different from the current system where you would have to calculate the GOLD GST rate based on the weight and purity of the … Read more
The Goods and Services Tax has changed the indirect taxation face of India, subsuming bringing various indirect taxes under one roof. The rate charged over hallmark charges is one of the most important concepts related to GST. In this article, we will cover the GST rate on hallmark charges, its implications, and also the importance … Read more
The levy of Goods and Service Tax is going to be a game changer in doing business across the country. Be it a dealer or a manufacturer, it is prime in importance for both parties to know the GST rate on washing machines for compliance purposes and smooth operations. The current rate of GST on … Read more
Hybrid Cars in India: Comprehensive Insight into its GST Rate: With the world beckoning towards greener options in transport, hybrid cars have reportedly been getting overwhelming responses in India. The taxation structure for such vehicles is generally complicated and may be baffling to many. This article looks into the GST rate on hybrid cars in … Read more
GST refunds can be easily claimed by start-ups in Karnataka. Startups in Karnataka can do so through the state’s policies that foster innovation and entrepreneurship. The Karnataka Startup Cell has laid down specific steps for startups to claim back the GST Refunds. Let’s understand all about how karnataka startups can claim GST Refund. Eligibility Criteria … Read more
The Goods and Services (GST) on hotel room rent in India is a crucial aspect of the hospitality industry. It’s crucial to understand the involved entities and applicable rates so that consumers can navigate the sector with information. Let’s see how the GST registration for hotel room taxes works. The Breakdown of Rates of Hotel … Read more
The Goods and Services Tax (GST) has revolutionized the taxation system in India, and it’s essential to understand the GST rates on various products, including air conditioners. Table of Content Introduction GST Rate on Air Conditioners Impact of GST on Air Conditioners Exemptions and Exceptions Conclusion GST Rate on Air Conditioners The GST rate on … Read more
Dubai Airport Free Zone types of activities you can do in Dubai Airport Free Zone. If you’re considering opening a business, this special economic zone in Dubai will offer you multiple choices of business opportunities. Dubai Airport Free Zone allows various business activities, including: Trading and commercial activities Industrial activities Service activities Logistics and distribution … Read more