Online Registration of GST Practitioner – Procedure and FAQs

Registration of GST Practitioner GST practitioner registration has been started. You can register as “GST practitioner” if you satisfy the eligibility criteria. For registration go to gst.gov.in and click on “Register now” in GST practitioner section. Fill the complete form and follow step by step process. For help, you can check following FAQs: 1. Who Read more about Online Registration of GST Practitioner – Procedure and FAQs[…]

Input Credit Set Off Under GST – Explanation With Examples

Dual Tax Scenario Under Goods and Service Tax : Illustrations The CGST / SGST is payable on all intra-State supply of goods and/or services and IGST is payable on all interState supply of goods and/or services. The CGST /SGST and IGST are payable on the same value at the rates specified in the Schedules to Read more about Input Credit Set Off Under GST – Explanation With Examples[…]

GST Rates & HSN Code For Coffee, Tea, Mate and Spices (Chapter 9)

GST Rate for Coffee, tea, mate and spices (Chapter 9) Nil Rate Products (Exempted) 1. All goods of seed quality 2. 0901 Coffee beans, not roasted. 3. Unprocessed green leaves of tea [0902], 4. Fresh ginger [09101110] and fresh turmeric [09103010] other than in processed form 5% Rate Products All goods not specified elsewhere 1. 0901 Read more about GST Rates & HSN Code For Coffee, Tea, Mate and Spices (Chapter 9)[…]

GST Rates & HSN Codes For Edible Fruit, Nuts; Peel of Citrus fruit etc. (Chapter 8)

GST Rates on Edible fruit and nuts; peel of citrus fruit or melons (Chapter 8) Nil Rate Products (Exempted) Fresh fruits other than in frozen state or preserved 1.   0801 Coconuts, fresh or dried, whether or not shelled or peeled. 2.  0802 Other nuts, fresh such as Almonds, Hazelnuts or filberts (Coryius spp.), walnuts, Chestnuts Read more about GST Rates & HSN Codes For Edible Fruit, Nuts; Peel of Citrus fruit etc. (Chapter 8)[…]

GST Rate & HSN Codes For Edible Vegetables, Roots and Tubers (Chapter 7)

GST Rates on Edible vegetables,  Roots and Tubers (Chapter 7) Nil Rate Products (Exempted) Fresh vegetables, roots and tubers other than those in frozen or preserved state 1.  0701 Potatoes, fresh  or chilled. 2. 0702 Tomatoes, fresh  or chilled. 3. 0703  Onions, shallots, garlic, leeks and other alliaceous vegetables, fresh or chilled. 4. 0704 Cabbages, Read more about GST Rate & HSN Codes For Edible Vegetables, Roots and Tubers (Chapter 7)[…]

New Classification- All Codes (Tariff Heading) of Services Under GST

In earlier the Service Tax Law, the classification was based on service accounting codes for each service. The Government has notified the new system for classification of services under GST Law similar to HSN based classification of Goods. In the new system, the services are classified in the four-layered hierarchy – 1. Section  2. Heading  3. Read more about New Classification- All Codes (Tariff Heading) of Services Under GST[…]

All About Reverse Charge Mechanism Under GST

Similar to the current provisions under Service Tax, even GST Law provides for payment of tax under reverse charge (i.e. the receiver has to pay the tax as opposed to a supplier). Persons who are required to pay tax under the reverse charge shall obtain registration irrespective of the turnover. Central Government has the power to Read more about All About Reverse Charge Mechanism Under GST[…]

GST Rates & HSN on Live trees and Other Plants (Chapter 6) – Exempted

GST Rate: Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage) All Goods under this chapter are chargeable to Nil Rate of Tax i.e. exempted HSN Codes (Tariff Heading) for Chapter 6 HSN Code Description of Goods     06011000 BULBS, TUBERS, TUBEROUS ROOTS, CORMS, CROWNS AND RHIZOMES, DORMANT, Read more about GST Rates & HSN on Live trees and Other Plants (Chapter 6) – Exempted[…]