The Goods and Services Tax (GST) regime in India has brought various concepts to standardize indirect taxation, two of which are Mixed Supply and Composite Supply. These terms might sound similar but have distinct meanings and implications under GST. Correctly categorizing supplies is crucial, as it impacts the applicable tax rates and compliance. Principal Supply: This refers to the good […]
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Introduction GST, an indirect tax, is levied on the provision of goods and services within India. Implemented on July 1, 2017, GST replaced several previous indirect taxes like VAT, service tax, and excise duty. For Private Limited Companies (Pvt Ltd), adhering to GST regulations is critical for legal compliance and smooth business operations. Filing GST returns after getting GST registration […]
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Solubilis, Corpstore and Earnlogic are the major consultancies that offers GST registration services in Coimbatore. There are doing all types of registration services in Coimbatore. A national indirect tax on goods and services is the Goods and Services Tax (GST). The central taxes of central excise, service tax, excise and customs extra duties, special additional duty of customs, and cess […]
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GST registration– Medicines and medical supplies are subject to taxation in India at four distinct rates—nil, 5%, 18%, and 18%—under the Goods and Services Tax. All contraceptives and blood, as well as its by-products, are subject to a NIL rate. Life-saving medications like vaccines and medications for tuberculosis, AIDS, diabetes, and malaria are subject to the lowest GST rate of […]
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