Are agricultural products exempt from GST? Agriculture is a crucial sector in India, and the Goods and Services Tax (GST) has been designed to ensure minimal disruption to its operations. Most agricultural products and services are either exempt or taxed at a lower rate to promote the sector’s growth and reduce the burden on farmers. […]
Are religious services exempt under GST? Religious services in India, such as those provided by temples, mosques, churches, and other places of worship, are exempt from the Goods and Services Tax (GST) to preserve their sanctity and encourage the continuity of religious and charitable activities. These exemptions align with the broader policy of promoting public
What are the GST provisions for the transportation sector? The Goods and Services Tax (GST) regime in India, implemented on July 1, 2017, subsumed various indirect taxes, including those applicable to the transportation sector. The transportation sector, encompassing passenger transport (road, rail, air, and waterways) and freight services, is significantly impacted by GST provisions. Below
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What is the process for rectifying mistakes in GST returns? The process for rectifying mistakes in GST returns allows taxpayers to correct errors or omissions in previously filed returns, ensuring accurate tax compliance. The provisions for rectification are governed by the Central Goods and Services Tax (CGST) Act, 2017, and related rules. Below is a
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What are the recent amendments in GST concerning exports? The Goods and Services Tax (GST) in India has seen significant amendments over time, especially concerning the export of goods and services. These amendments aim to streamline processes, ensure compliance, and boost exports by providing certain tax reliefs. Recent Amendments in GST Concerning Exports: Provisions in
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Has the GST threshold for small businesses changed? Yes, the GST threshold limit for small businesses in India has seen changes over the years, and these changes aim to ease the tax burden on small businesses while encouraging compliance. Below is a detailed explanation of the recent changes, provisions in the Indian Constitution, and landmark
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What are the recent GST provisions for the construction sector? The construction sector in India is a major contributor to the economy, and the Goods and Services Tax (GST) has specific provisions designed to regulate the taxability of construction-related activities. Over the years, there have been amendments and clarifications to the GST rules applicable to
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What is the latest amendment regarding the filing of returns? The Goods and Services Tax (GST) system in India has undergone several amendments since its implementation in July 2017. These amendments have impacted various aspects of GST compliance, including the filing of returns. As of 2023, there have been significant changes to make the return
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What are the recent GST provisions for the construction sector? The Goods and Services Tax (GST) provisions for the construction sector in India are primarily governed by the Goods and Services Tax Act, 2017 (CGST Act, IGST Act, and respective State GST Acts). The construction sector is integral to the Indian economy, and the tax
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How does the dual GST structure work? The dual GST structure in India is designed to address the needs of a federal country, balancing revenue between the central and state governments. Unlike a single, unified GST system, India’s GST comprises two main components on every taxable supply within a state: Central Goods and Services Tax
