HSN Code Wise GST Goods Rate

HSN Code Wise GST Goods Rate Chapter/Heading/Sub Heading/ Tariff item Description of Goods  GST Rate % Compensation Cess 0303 Fish, frozen, excluding fish fillets and other fish meat of heading 0304            5 Nil 0304 Fish fillets and other fish meat (whether or not minced), frozen            5 Nil 0305 Fish, dried, salted or in …

Basis Concept of Reverse Charge Mechanism in GST

Basis Concept of Reverse Charge Mechanism in GST Hello Readers!  In this article, we will understand the Basis Concept of Reverse Charge Mechanise in GST. As we aware that generally supplier is liable to collect and deposit the tax to Government. However, under the Reverse Charge Mechanism Recipient of supply of Goods or Services is …

GST SAC Code List

GST SAC Code List   GST SAC Code List – NEW SCHEME OF CLASSIFICATION OF SERVICES Heading & Group Service Code (Tariff) Service Description Construction Services   Heading No.9954 Construction services Group 99541 Construction services of buildings   995411 Construction services of single dwelling or multi dewlling or multi-storied residential buildings   995412 Construction services …

Key points of transitional Provisions under GST Act

Key points of transitional Provisions under GST Act. 1.  Migration of Existing taxpayers. (Section 139) On and from the appointed day, every person registered under any of the existing Indirect tax law and having a Valid PAN shall be issued a certificate of registration on provisional Basis. Provisional registration can obtain directly by applying for provisional registration …

Electronic Way Bill Under GST

GST Electronic Way Bill Electronic Way Bill is new concept under GST regime. Eway is required only in case of Goods. Under Electronic way bill, every registered person should have furnished information, prior to commencement of movement of goods. In this Article, we will have discussed various concept of Electronic way bill. Furnishing of Information …

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