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Mutual Fund Exit Load & Credit Card Dues Are Taxable Under GST

Now GST on Mutual Fund Exit Load & Credit Card Dues – The government informed that interest charged on outstanding credit card dues, finance lease and exit fees paid by mutual fund investors will be taxable under GST. Further, interest levied on loans are not taxed, any additional interest for delayed payment has also been kept out of GST. The government ...

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No GST E-way Bills requirement for Goods Worth up to Rs 50,000

e-Way relataxtion up to Rs 50,000 – Goods and Services Tax (GST) Council has made inter-state movement of goods worth over Rs 50,000 to have e-way bills from April 1. The requirement for such bills in intra-state movement would be implemented in a phased manner. It means the council has given the relaxation for small delivery and e-commerce, courier companies where  generation of an electronic-way bill ...

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What is GST e-way bill and How To Generate it ?

GST e-way bill – After Aadhaar authentication for important services, GST e-way bill is another mechanism to check evasion by ensuring goods are tagged and tax paid. The GST e-way bill is launched Nationwide from February 1. This could not be rolled out earlier as software and nationwide system was not ready. The pre registration is required for movement of goods ...

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Goods and Service Tax (GST) Calculator

Free Goods and Service tax (GST) calculator to calculate the amount of tax being levied on various products, Manufacturing and services inclusive banking. GST calculator works on the same rate accepted by central government and all the state uniformly.Goods and Services Tax (GST) is a common comprehensive nation wide tax based on the existing VAT (Value Added Tax) principle with ...

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Why Banking Sector is Not Happy With GST Implementation ?

Goods and Service Tax (GST) is all set to roll out by 01st July this year. Government has already conveyed this message to all the department, Industries and companies with advise to change their system, software as per the requirement of GST. Banking Sector, which is already under stress with many reason like higher NPA, lower growth, shrinking margins etc, ...

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