Introduction : There is a lot of confusion surrounding the taxation of loan interest under GST. The main reason for this confusion is that there is no specific provision in the GST law that deals with the taxation of loan interest. However, we can look at the existing provisions and infer that loan interest is…
Tag: gst rates
How Can I sell without the GST add to my products?
You may be asking yourself how you can sell your products without having to include GST in the prices. The answer is that you can’t. If you are registered for GST, then you must include it in the prices of your products and services. There are, however, a few ways that you can reduce the…
List of 10 Things Every Entrepreneur Should Know About GST
GST Registration – A company must register for GST if its turnover exceeds Rs.40 lakhs in the case of goods, and Rs.20 lakhs in the case of services. Additionally, businesses can voluntarily register for GST if it will be required unless they are exempt. GST Slabs – Using the particular goods and services in question,…