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Understanding the differences between GST exemptions and zero-rated supplies in India is critical for businesses seeking to manage compliance and cash flow efficiently. This guide will help you clearly distinguish between exempt, nil-rated, and zero-rated supplies, input tax credit eligibility, and refund processes under Indian GST law.
As the GST regime evolves, staying updated on slab structures helps businesses manage compliance, cash flow, and growth effectively.
Introduction The Goods and Services Tax (GST) in India has a multi-slabs structure for services, with four primary GST rates: 5%, 12%, 18%, and 28%.
GST Rates for Goods HSN Code Goods Description GST Rate 0101-0106 Live animals 0% 0201-0208 Meat and edible meat offal 0% 0301-0308 Fish and crustaceans
Consequences of Non-Compliance with GST: Understanding the Risks and Penalties Introduction The Goods and Services Tax (GST) is a comprehensive indirect tax reform in India,
Introduction GST return filing is a critical compliance requirement for businesses registered under the Goods and Services Tax (GST) regime in India. In this article,
Introduction The Goods and Services Tax (GST) regime in India requires businesses to comply with various regulations to avoid penalties and ensure smooth operations. GST
Introduction The Goods and Services Tax (GST) is a landmark tax reform in India, aimed at streamlining the indirect tax structure. GST registration is mandatory
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