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Best GST Software for Manufacturing Industries and Companies in India

GST Software for Manufacturing Industries

Gen GST software is a panacea from SAG Infotech for any kind of issue related to the latest tax regime in India. It is a software that can manage all your GST related activities without any hassle, no matter what’s the business.

Now the question arises how would it be helpful for manufacturing industries and companies. Here in this post, we are mentioning some of the top-rated features of our feature packed Gen GST software for manufacturing, which would help in the context of tax-related work for a manufacturing firm. Read More

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Impact of GST on Joint Development Agreement in India

GST on Joint Development Agreements

Joint Development Agreements or JDAs is the most common aspect in the real estate sector. It bounds a landowner and a real estate developer in an agreement to construct new projects. The landowner provides the land to the developer while the developer arranges capital, and several approvals and licences from the government to construct the complex, building or civil structure on the land. Hereafter, the developer transfers the ownership rights of a certain percentage of the constructed area and may also charge a certain amount. Read More

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GST Rate on Dairy Products in India – Chapter 4 of HSN Code

GST on Dairy Products

Goods and Services Tax (GST) is an indirect tax or consumption tax charged in India on the supply of goods and services.

GST council has fixed different GST rates for different products and service in 2017 under the GST regime. These are divided into five tax slabs for collection of tax – 0%, 5%, 12%,18% and 28%.

There are about 5,000 commodity groups, each identified by a six-digit HSN code, arranged in a lawful and logical way to classify goods from all over the World in a well-defined and uniform manner. Read More

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GST on Overseas Services in India – Export of Services under GST

GST on Overseas Services

If you are in the presumption that all the services provided from India to outside are free from GST, you should think again. It is not necessary that all types of services being provided from India to another country can be considered as export. Let’s discuss for implementation of GST on overseas services.

What are Export Services? Export of Services under GST Regime

As per the GST Act India, all export services will be zero-rated under GST (Goods & Services Tax). Read More

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Impact of GST Rate on Home Loans EMIs in India

GST on Home Loans

One Hundred and First Amendment of the Constitution of India was passed by the Indian government recently. The Goods and Services Tax (GST) which came into effect from 1 July 2017 in India has eliminated various Central and State taxes like excise duty, VAT and service tax. At the time of implementation, GST rates were categorised in five different slabs – 0%, 5%, 12%, 18% and 28%. Still, there is a dilemma what is the impact of GST in the near future in the different industries like real estate, coaching, healthcare and more. One question which is bothering everyone’s mind is whether the citizens would get benefit from GST implementation or not. Read More

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GST Rate on Security Services in India based on SAC Codes

GST on Security Services

GST Council of India has hooked GST rates on security services in India on the basis of SAC or Service Accounting Code. SACs are codes decided by service tax department by classifying the security services to ease the imposition of the tax. There are 5 different tax rates under the Goods and Services Tax (GST), which are: 0%, 5%,12%,18% and 28%.

GST Registration and Compliance Requirements for Security Services

Security guard service license is mandatory for every personnel involved in providing security services. Read More

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