You have come to know a new term, right? Yes, GST State Code List. So, what GST State Code List is. The Goods and Services Tax (GST) in India involves grasping various components, including the GST state code list. This list is crucial for businesses to ensure correct invoicing and compliance with GST regulations. In […]
39 GST State Code List in India and its jurisdiction Read More »
Wooden furniture, a common household and office item, falls under specific Goods and Services Tax (GST) classifications. Understanding the GST rates on wooden furniture can help both manufacturers and consumers make informed decisions. This guide provides a comprehensive overview of the GST rates on wooden furniture, including the types of furniture covered and their respective tax
Impact of GST Rate on Wooden Furniture: Latest GST Rate Read More »
This article aims to provide explanation of Reverse Charge Mechanism under GST , its applicability, and its implications for businesses. The Goods and Services Tax (GST) system, introduced in India on July 1, 2017, has brought about significant changes in the way businesses operate. One such change is the Reverse Charge Mechanism (RCM), a concept that shifts
Reverse Charge Mechanism under GST: RCM under GST Read More »
Petrol prices in India are a subject of much debate and concern due to their direct impact on the economy and the daily lives of citizens. The cost of petrol is influenced by various factors, with central and state taxes playing a significant role. This blog aims to simplify and explain the components of petrol
What is the Central and State tax on Petrol in India? Read More »
The Goods and Services Tax (GST) system in India can sometimes be complex, especially when dealing with interstate transactions. If you’re a business owner or someone involved in commerce, it’s essential to understand what interstate means in the context of GST and how it affects your transactions. Let’s break down Interstate meaning in GST. What
What is Interstate meaning in GST: Interstate GST Read More »
If you are a sole proprietor and need to change the proprietor’s name in your Goods and Services Tax (GST) registration, you might be wondering how to go about it. Here is a simple and straightforward guide on how to change the Proprietor Name in GST. What is Proprietor Name in GST? The Proprietor Name
How to change the Proprietor Name in GST? Read More »
When it comes to Goods and Services Tax (GST) in India, various provisions are in place to facilitate business operations, especially for exporters. One such provision is the Letter of Undertaking. In this blog, we’ll delve into what is LUT in GST, its importance, how to apply for it, and the benefits it offers to
What is LUT in GST: How to file LUT Read More »
India’s Goods and Services Tax (GST) has streamlined many indirect taxes, simplifying the tax landscape for businesses and consumers alike. However, when it comes to alcohol, the situation is a bit different. If you’re wondering how GST applies to alcohol, and what the tax implications are, you’re in the right place. This article focuses on
What is the GST Rate on Alcohol in India: No GST on Alcohol? Read More »
The Goods and Services Tax (GST) has streamlined the tax system in India, and its impact on the food and restaurant industry is significant. Whether you’re dining out at a fancy restaurant, grabbing a quick bite at a café, or ordering food online, understanding how GST affects your bill is crucial. This blog will break
GST on Food and Restaurants: GST on food in restaurant Read More »
Agriculture is the backbone of India’s economy, supporting the livelihood of a significant portion of the population. With the introduction of the GST in 2017, the taxation landscape for agricultural products underwent substantial changes. This blog aims to simplify and explain the GST rates on agricultural products, ensuring farmers, traders, and consumers are well-informed. What is
GST Rates on Agricultural Products: Agriculture under GST Read More »
