Articles under GST terms

What is Refund of Interest under GST

Meaning of GST Refund of Interest   The details about GST Refund of Interest are explained here.  GST Refund of Interest: “Refund” includes refund of tax paid on zero-rated supplies of goods or services or both or on inputs or input services used in making such zero-rated supplies, or refund of tax on the supply of goods regarded as deemed exports, or refund of unutilised input tax credit due to a higher tax rate on  the input than the output.

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Relevance of Zero rated supply of goods in GST

Relevance of Zero rated supply of goods under GST   The details about Relevance of Zero rated supply of goods under GST are explained here.  Zero rated supply of Goods “Zero rated supply of goods” means any of the following supplies of Goods namely:–– Export of Goods or both;  or Supply of Goods to a Special Economic Zone developer or a Special Economic Zone unit. Relevance of Zero rated supply of goods in GST: Subjec

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Zero rated supply under GST

Meaning of term Zero rated supply under GST   This post explains about Zero rated supply under GST.   Zero rated supplies: “Zero rated supply” means any of the following supplies of goods or services or both, namely:–– Export of goods or services or both;  or Supply of goods or services or both to a Special Economic Zone developer or a Special Economic Zone unit. Subject to the provisions of sub-section (5) of section

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Term Zero rate on exports under GST

Zero rate on exports under GST   The details about Zero rate on exports under GST are explained here. Zero rate on exports: GST would not be charged on goods or services exported from India. In case, the supply of goods or supply of services qualifies as export out of India as per the place of supply provisions, the transaction would be zero rated. The supplier would be allowed to export the goods or services without charging any tax, but can avail the CGST/SGST and

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What is Wholesale trade and Impact of GST on Whole Sale Traders

Meaning of Wholesale trade and Impact of GST on Whole Sale Traders   The details about Wholesale trade and Impact of GST on Whole Sale Traders are explained here.  Wholesale trade Wholesale trade is a form of trade in which goods are purchased and stored in large quantities and sold, in batches of a designated quantity, to resellers, professional users or groups, but not to final consumers. Definition Wholesale trade consists of purchasing, storing and selling

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