WebThere is a reduction in the effective rate of GST (i.e, from the normal rate of GST to 0.1% w.e.f 23.10.2024) on supplies made to merchant exporter. A query may be raised whether this reduced rate can be applied even to the advances received before, but supplies made after 23.10.2024. In accordance with sec 14 (b) of CGST Act, 2024, in case of ...
WebMar 16, 2024 · Special GST Rate for Merchant Exporter on Purchase @ 0.1%. When an Exporter Purchases the goods,he has to pay GST. However on Sales,He can give Bond. In this case,he will have input but no output. So he has to claim refund of this input and his funds keep on blocking for a long time. So,in this case,Government has given a … WebMay 9, 2024 · Replied 10 May 2024. As per notification 40/2024. yes a register supplier can bill to merchant exporter @ 0.1℅. under following; The registered supplier shall … my.benefitonline.ro
COVID-19: GST Compliance Relief Measures and Clarifications
WebApr 5, 2024 · Notification regarding the reduction of CGST rates on particular parts of tractors from 14% to 9 %. 30-06-2024. Notification No. 18/2024. Check. Check. Updated the tax rate of Central Tax, Union Territory Tax, on fertilisers from 6% to 2.5% and Integrated Tax rate on fertilisers from 12% to 5% by latest meeting. WebMar 1, 2024 · As per notification no 41/2024 – Integrated Tax rate following conditions should be fulfill for procuring goods GST rate @0.1%. 1. The recipient should be … WebOct 1, 2024 · Dear Virendra Ji, It is to state that exports to be shown in table 6A of GSTR-1 and table 3.1 (b) of GSTR-3B. In table 3.1 (a) of GSTR-3B can not be shown (as per your view that it can be shown in 3.1 (a)), it is clearly mentioned in 3.1 (a) that Outward Supplies other than Zero rated supply (export) hence it is to be shown in 3.1 (b) of GSTR-3B. how to pick a lock with lock picking tools