WebIf that be so, the said discount/incentive itself cannot be considered for the purpose of taxability under the head business auxiliary service as the amounts which are received are … WebJun 30, 2024 · GST Rate of 18% is applicable on the taxable value of supply provided by the agent, except in few nil rated categories. Bird’s Eye View of All Categories of “Commission Agents” under GST Legislature (d) GST Returns: An Agent registered as Normal GST Dealer shall file: GSTR-3B – monthly; GSTR-1 – quarterly; GSTR-2, GSTR-3 – yet to be notified;
SAC Code (Services Accounting Code ) Under GST Rates - SWIL
Web160 rows · May 1, 2024 · Similarly in GST the applicability of Service Accounting Codes have been defined for identifying the applicability of the respective tax rates to the services. 2. … Web(i) such discount is established in terms of an agreement entered into at or before the time of such supply and specifically linked to relevant invoices; and (ii) input tax credit as is attributable to the discount on the basis of document issued by the supplier has been reversed by the recipient of the supply.” black metal outdoor lounge chair
SAC (Services Accounting Codes) List & GST Rates on …
WebTo check 6 digit SAC codes please browse at end of this page. You can check 6 digit code along with details of service. Services under Heading 9971 - Financial And Related Services with 6 digit code 99711 - Financial services (except investment banking, insurance services and pension services) 997111 - Central banking services WebGoods & Services Tax (GST) Services ... Top ... WebDec 12, 2024 · Understanding GST Rules for Recruitment and HR Services. The percentage rate of tax levied on the sale of goods or services under the CGST, SGST, and IGST Acts is … garages open near me today