Is GST applicable on stationery?
The authority ruled that printing stationery items as cited above constitutes a supply of service to an educational institution and, hence, is exempt from GST.24-Aug-2022
What is the applicability of GST on laptops? GST is now levied at a rate of 18% on laptops, hence taking the total price a little higher than what consumers would have paid in the pre-GST era.12-Jan-2022
What is GST on A4 paper?
HSN Code 4802
Yes, ITC is eligible on computer stationery, since it is use in furtherance of bussines & paying GST on output goods & services.09-Feb-2018
How much is GST on a pen?
18%
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What is the GST on printed books?
Printed books is exempted from paying GST. As per GST Law, there is no GST payable on Printed books. So the rate of GST payable on Printed books is nil rate. The Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods.04-Jan-2019
Currently, the types of GST in India are CGST, SGST, and IGST. This simple division helps distinguish between inter-state and intra-state supplies and mitigates indirect taxes. To learn more, read about these three different types of GST.
Which items are in 28 GST slab?
What Comes Under 28% GST Rate?
Paper Products Taxable at 18% GST Rate.
Can we claim GST on office expenses?
Using ITC, GST paid on business expenses such as marketing expenses, telephone charges, office rent etc can be set off against the GST charged to the customers.17-Dec-2018
Exempted goods under GST Non-GST goods include fish, egg, fresh milk, etc. Grapes, melons, ginger, garlic, unroasted coffee beans, green tea leaves that are not processed, and more. Food items that are not put into branded containers like rice, hulled cereal grains, wheat, corn, etc. Components like human blood.
On which items GST credit not available?
Some of the Goods and Service Which are Not Eligible for ITC
The GST council has fitted over 1300 goods and 500 services under four tax slabs of 5%, 12%, 18% and 28% under GST. This is aside the tax on gold that is kept at 3% and rough precious and semi-precious stones that are placed at a special rate of 0.25% under GST. 7% goods and services fall under this category.
What is HSN code of pen?
HSN Code 9608: Ball-point pens; felt tipped and other porous-tipped pens and markers; fountain pens, stylograph pens and other pens; duplicating stylos; propelling or sliding pencils; pen-holders, pencil-holders and similar holders; parts thereof, incl.
GST calculation can be explained by a simple illustration : If a goods or services is sold at Rs. 1,000 and the GST rate applicable is 18%, then the net price calculated will be = 1,000+ (1,000X(18/100)) = 1,000+180 = Rs. 1,180.01-Aug-2022
What is the SAC code for printing & stationery?
Rate of GST for Printing Services HSN/SAC 9988: Manufacturing services on physical inputs (goods) owned by others: Sr.22-Feb-2022
392610
What is HSN code in GST?
Harmonized System of Nomenclature code
HSN Code 4821
What is the GST percentage for books?
Book lovers and students will now have to pay more as books will become costlier by 10-20 per cent under the Goods and Services Tax regime. Though books continue to remain exempt under GST, but inputs such as printing, binding and royalties to authors now attract tax at 12 per cent.27-Jan-2018
Is GST applicable on stationery?