WebAll HS Codes or HSN Codes for Interest Income with GST Rates HSN Code 6403 Footwear with outer soles of rubber, plastics, leather or composition leather and uppers … WebSuppose assessable value of product imported into India is INR 500/-. The rates of taxes on product (HS Code 330590) are, Basic Customs Duty (12.5%), IGST Rate (18%) and Compensation Cess (Nil). Calculation of Total Import Duty on product. Basic Customs Duty: 12.5% of 500 = INR 62.5/-
GST payable on interest charged for delay in delivery of …
Web1. Interest paid for using credit card services since this is specifically excluded from the exemption. 2. Interest for delayed payment of consideration should be included in the value of supply as per the provisions specified in Sec 15 (2) of CGST Act, 2024. Tags: goods and services tax, GST, GST Interest Web13 mei 2024 · Based on the HSN or SAC code, GST rates have been fixed in five slabs, namely 0%, 5%, 12%, 18% and 28%. In the GST regime each invoice will have to mention HSN code for all goods which are sold and SAC code for all services which are provided. Businesses will thus, need to be aware of the HSN code list and SAC code list for all … hima h4135a safety manual
FINANCIAL SERVICES - GST RATES & SAC CODE 9971 - ClearTax
Web9 okt. 2024 · 09 October 2024 Please refer section 15 (2) (d) of CGST act. The interest or penalty for delayed payment relating to the supply of goods should also be … Web7 okt. 2024 · Taxpayers with turnover exceeding INR 1.5 crore, but below INR 5 crore, are required to mention only two digits of the HSN code. Taxpayers holding a turnover exceeding INR 5 crore are required to state four digits of the HSN code. Also Check out : Latest GST HSN Code Finder Tool Exempted Goods under GST Web100 rijen · 3 aug. 2024 · If the business turnover is less than Rs.1.5 crores then there is no need of adopting the HSN codes. If the business turnover is between Rs.1.5 Crs to Rs. 5 … himaharju