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Gifts above Rs 50k by employer to be taxed

Gifts above Rs 50k by employer to be taxed

Further, the services by an employee to the employer in the course of or in relation to his employment is outside the scope of GST, the ministry said. GST Mobile application has been propelled to give the precise data about the expense rates under GSt (Goods and Services Tax).

The search can be made based on description of goods or services or HSN Code or heading number.

"Goods intended for import into or export from the territories of either contracting parties from or to a third country shall be accorded freedom of transit through the territories of the other party". It will facilitate its users to do business easily in India.

After you have downloaded the app, enter the name or chapter heading of the commodity or service in the search box.

A notification from the Union Finance Ministry said that airlines will not have to pay GST at the time of import. "From an MSME perspective, GST will bring many positives compared to the current systems, according to a joint study".

Despite such provision in the treaty, the traders and freight forwarders have been complaining to the government about slow pace of movement of goods during export and import of goods to and from India since last week when the Indian Government enforced GST. Once downloaded, the app can work in offline mode too.

The ministry added that besides the "GST Rates Finder" mobile app, the users have an option to visit the Central Board of Excise and Customs (CBEC) website to get information about different rates of GST. Here are the steps to find GST rates levied on various goods and services.

The GST Rates Finder will serve the users as the analyst for the GST rates.

It also contains the description of goods or services and the chapter heading of the Harmonised System of Nomenclature (HSN). State governor Ram Naik was also present in the meeting from the start and sad that state government is of firm belief that GST would drive the growth of the nation to new levels.

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