How to Apply for Annapurna Bhandar: Easy Guide
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GST on flight tickets have a 5% rate for economic classes. The 18% GST rate is suitable for the Business class. These rates apply to both domestic and international flight tickets. ITC can be claimed by businesses for official travel. Keep reading.
GST on commercial property rate is 18% in India. This rate is suitable for GST-registered tenants. It also allows them to claim Input Tax Credit (ITC) to offset tax liabilities. The landlord has the turnover of more than Rs. 20 lakh. Keep Reading.
As per the latest update, there is no GST on UPI transactions for users. The 18% of GST rate only applies to service fees charged by payment apps. It does not apply to the transaction itself. So, the UPI remains free. Stay updated and keep reading.
In GST Advantages and Disadvantages, we will get to know that it streamlines taxes, removes cascading effects, boosts exports, and so on. Thus, it increases compliance costs for small firms, complicates filing, delays refunds, etc. Continue to Read.
The IGST Act 2017 governs the interstate supply of goods and services under GST. This guide covers its origin, benefits, application, and how to calculate IGST, with key features explained.
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