GST Rates

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. […]

Petrol and diesel are not covered under the GST (Goods and Services Tax) regime. These fuels continue to be taxed through traditional methods such as VAT (Value Added Tax), central excise duty, and central sales tax.In India, GST is levied on motor vehicles, irrespective of the type of fuel used. In that regard, GST applies to all

GST on Joint Development Agreement (JDA) is charged at 18% on the value of the contract. A JDA is a contract between a real estate developer and the landowner to build projects on the latter’s land. As per the contract, the landowner provides the land, and the developer manages the construction side of the project. 

HSN Code Description Rate (%) CESS (%) Effective Date Rate Revision 3306 Preparations For Oral Or Dental Hygiene, Including Denture Fixative Pastes And Powders; Yarn Used To Clean Between The Teeth (Dental Floss), In Individual Retail Packages 18 0 15/11/2017 18% has replaced 28% 330610 Dentifrices 18 0 15/11/2017 18% has replaced 28% 33061010 Preparations

GST and customs duty are two integral components of India’s tax system that impact businesses engaged in international trade. Understanding how these taxes interact and calculating them accurately is crucial for compliance and cost management. Customs Duty on Imports When goods are imported into India, they are subject to customs duty. This duty is levied by

HSN Code 6303 refers to “Curtains, incl. drapes, and interior blinds; curtain or bed valances of all types of textile materials (excluding awnings and sunblinds).” This classification code is essential for identifying textile products related to window and bed coverings for import/export purposes based on their nature, composition, and intended use. Common products under HSN Code 6303

Goods and Service Tax on services follows a structured 4-tier rate system, with tax rates set at 5%, 12%, 18%, and 28%. Each tier offers distinct advantages and disadvantages for consumers, impacting the overall cost of services. While most GST on services fall under these GST slabs, essential sectors such as healthcare and education are exempt

Construction is an intricate process that encompasses planning, design, and financing and continues until the structure is ready for occupancy. Large-scale construction, in particular, involves extensive multitasking and coordination among various teams and activities. Navigating the complexities of Goods and Services Tax (GST) poses a significant challenge for developers, contractors, and property owners alike. Since

GST rate for goods and services is fixed by the GST Council. From time to time, the GST Council changes GST rates based on the recommendations from the members of the Council. With GST tax collection exceeding the projections, the Government is actively considering reductions in GST rates. What is the GST on Laptops? The

Goods and Services Tax (GST), biggest tax reform since Independence has been finally implemented across the country from 1st July. On one hand, Government has exempted education sector till higher secondary in the new regime while on another hand coaching classes, certification courses, training programs have been placed in the slab rate of 18 percent.