WebNov 20, 2024 · November 20, 2024 / 11:12 AM IST. The government has increased goods and services tax (GST) applicable on finished products such as apparel, textiles and footwear from 5 percent to 12 percent ... WebApr 1, 2024 · Find your HSN - Click here. CBIC vide Notification No.78/2024 - CT dated 15.10.2024 has replaced the old reporting requirement of HSN on invoices with the below one. The said changes are effective from 01st April 2024. Upto Rs. 5 Crores. Therefore taxpayers are advised to be ready with 6 digit HSN / SAC codes for their applicable goods …

GST on apparel, textiles and footwear up from 5% to 12% ... - MoneyControl

WebGST on school uniform items. Contents. Dear sir, Our business model in brief is as follows: 1. We buy cloth and other material. Students come to us and give measurement and accordingly we stitch uniform for them (Shirt, trouser etc.). For doing the stitching work we have tailors on roll and we also give it to outsiders on job work basis. WebOct 1, 2016 · The following table provides the GST and HST provincial rates since July 1, 2010. The rate you will charge depends on different factors, see: Type of supply – learn about what supplies are taxable or not. Where the supply is made – learn about the place of supply rules. Who the supply is made to – to learn about who may not pay the GST/HST. pros and cons raleigh nc

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WebPrevailing GST rate. The current GST rate in Singapore is 8%. GST-registered businesses are required to charge and account for GST at 8% on all sales of goods and services in Singapore unless the sale can be zero-rated or exempted under the GST law. On this page: WebMar 2, 2024 · The primary GST slabs for any regular taxpayers are presently pegged at 0% (nil-rated), 5%, 12%, 18% & 28%. There are a few lesser-used GST rates such as 3% and 0.25%. Also, the composition taxable persons … WebJan 5, 2024 · At the end of the 5 sticker sale, costs and payments (before taxes) round up to: Customer pays $1.50 per sticker, meaning they paid $7.50 total. The total base price after the discount was $5.00. You receive 50% of the base price, meaning you get $2.50. Though site-wide discounts might feel like you’re making less profit, it’s good to keep ... research design descriptive correlational