Web10 Aug 2024 · The earlier tax incidence on such items was in the range of 2.5 -7 per cent, according to the CBEC. Also, items such as UTH (ultra high temperature) milk, tea, milk powder, sugar, vegetable... Web21 Jun 2024 · To set up GST registration number. Registration Number under GST is called Goods and Service Tax Payer Identification Number (GSTIN). It is a state-wise PAN based …
Differences between GST and Previous Tax Structure
Web1 Jul 2024 · What is GST? The Goods and Service Tax (GST) is an indirect/consumption tax levied on the supply of goods. Currently, GST is divided into 5 tax slabs for collection of tax- 0%, 5%, 12%, 18% and 28%.The Goods & Service Tax came into effect on July 1, 2024 as per the 101st Amendment of the Constitution of India by the Indian Government. Web13 Apr 2024 · The Directorate General of GST Intelligence has served show cause notices to insurance intermediaries, including HDFC Bank, Go Digit Insurance, and Policybazaar, … gummy bears maker
Everything you need to know on GST on Hotels and Restaurants
WebService Tax in India: Know all about Service tax payments, Service tax rules, Service tax Exemption and Service tax billing in India. ... It has recently been replaced by the GST. What is Service Tax? ... If a person fails to furnish information or appear before the Central Excise Officer when called for, he/she shall have to pay penalty up to ... Web6 Mar 2024 · Following State Indirect Taxes were applicable in India before GST: State VAT Entertainment Tax (except the tax levied by the local bodies) Central Sales Tax (charged by the Centre and collected by the States) Octroi Entry Tax Purchase Tax Luxury Tax Taxes on lottery Betting and gambling State cess and surcharges Web21 Jun 2024 · GST is a comprehensive tax levy on manufacture, sale and consumption of goods and services at a national level. It has subsume indirect taxes like excise duty, countervailing duty and service tax, as also state levies like Value Added Tax, Octroi, Entry Tax, Luxury Tax, etc. Setting Up Goods and Service Tax gummy bears make you poop