May 27, 2025

HSN Code Description Rate (%) CESS (%) Effective Date Rate Revision 8501 ELECTRIC MOTORS AND GENERATORS (EXCLUDING GENERATING SETS) 18%   01/07/2017   850110 MOTORS OF AN OUTPUT NOT EXCEEDING 37.5 W 18%   01/07/2017   85011011 ELECTRIC MOTORS AND GENERATORS (EXCLUDING GENERATING SETS) MOTORS OF AN OUTPUT NOT EXCEEDING 37.5 W: – DC MOTOR: […]

Implementation of GST has seen as a great tax reform that will unify the entire nation, as far as taxation is concerned. This has been beneficial for various sectors, at the same time, implementation of GST will have social consequences on charities and the non-profit organizations. What are the criteria for a charitable trust to

Pre-Supply Discount: If the discount is provided before or at the time of supply and is mentioned in the invoice, it is subtracted from the taxable value of the supply. For example, if a seller offers a 20% discount on goods worth ₹1000, the taxable value will be Rs 800 (Rs 1000 – Rs 200).

GST Rates on Gold: 3% GST applies to physical and digital gold purchases, including 24 Carat and 22-carat gold.GST on Jewelry Making Charges: GST on gold ornaments is 3% of the total value, including gold and making charges.GST Rate on Gold Purchase: The GST on gold in India is 3% (1.5% CGST + 1.5% SGST) of its value.