![]() GST is levied on the final goods of the manufacturers. There are 5 slabs in GST such as Nil, 5%, 12%, 18% and 28% respectively. Step 5: The slab of GST: Finally one has to determine what the slab is his/her business is falling under.In case of B2C the value either can be less than 2.5 Lac or more than that. Whether it is B2B that is Business to Business or B2C that is Business to Customer must be decided. Step 4: Type of trade: After that determine the type of trade you are opting.If your product is traded interstates for example from West Bengal to Mumbai, then IGST will be levied. If you are trading within the state premise, only SGST and CGST will be charged. Step 3: SGSAT, CGST or IGST: If your product is applicable under GST, then the next step will be to determine whether SGST, CGST or IGST is applicable for your goods and services.On the other for a service provider SAC codes must be there before GST calculation. Step 2: Know the HSN / SAC: If you are manufacturing a good then HSN code must be known to you for GST application.First of all find out whether GST is applicable on your product or services or not. ![]() ![]() ![]() Step 1: Determine whether the GST is applicable or not: At the time of GST launch the authority has declared about the goods and services on which the GST will be levied. ![]()
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