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GST on Healthcare Industry: Impacts & Solutions

WEBIn India, GST is double; the central government controls CGST, and various state governments influence SGST. The tax rate slabs in GST include four, namely 5%, …

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URL: https://www.captainbiz.com/blogs/how-gst-has-made-healthcare-more-affordable/

GST Impact on Insurance & Know Diseases Covered in Health …

WEBGST or the Goods and Services Tax is a consumption tax that is akin to the VAT or the value-added tax that most countries charge on the supply of goods and …

Category:  Health Go Health

Input Tax Credit (ITC): Eligibility, Claim Process, & Avoid Mistakes

WEBInput tax credit can be claimed under GST if a person: Checks the eligibility for claiming ITC. Ensures that the tax invoice or debit note in form GSTR-1 …

Category:  Health Go Health

GST on Hospital/Healthcare Services, Pharmaceutical Industry

WEBUnder GST, healthcare infrastructure like hospitals, clinics and nursing homes are exempted from tax, while inputs like building construction, medical equipment, …

Category:  Medical Go Health

Demystifying GST Exemptions: Impact, Trends & Legal Framework

WEBThe exemptions under the GST regime have immense power to shape the economic trajectory of the various sectors and the country as a whole. Exemptions …

Category:  Health Go Health

What are the Types of GST Notices & Impact of not Reverting

WEB1. GSTR-3A. Non-filers of GST returns in GSTR-1, GSTR-4, GSTR-3B, or GSTR-8 would receive a default notice. File the particular GST Returns, along with late …

Category:  Health Go Health

Payment Voucher, Receipt Voucher, Vouchers vs. Receipts

WEBPayment Vouchers: A record of the company’s payments. Receipt Vouchers: A way for a firm to acknowledge money it has received. Journal Vouchers: Keeping track …

Category:  Health Go Health

What Is the Work Contract HSN Code Under GST

WEBHSN code 9954, SAC code 995473 and GST Rate 18%. For further queries contact on 9905126744. What is the HSN code for a works contract 18%? New GST Rates on …

Category:  Health Go Health

GST Rate Updates 2024 – Goods and Service Tax Rates

WEBThe primary GST slabs for each regular taxpayer are now set at 0% (nil-rated), 5%, 12%, 18%, and 28%. There are a few lesser-used GST rates, including 3% …

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GST On consultancy Services

WEBThe rate of Reverse Charge Mechanism (RCM) for consultant charges in India is 18% under the Goods and Services Tax (GST) system. Under the RCM system, …

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Inclusions in GST Valuation: Key Considerations & Methods

WEB15/03/2024. Regarding the Goods and Services Tax (GST), determining inclusions means closely reviewing transactions to find components that must be …

Category:  Health Go Health

What is GSTR-3B and Its Significance Purpose of GSTR 3B Filing

WEBGSTR-3B is basically a monthly self-declaration filed by the registered dealer in addition to GSTR-1 and GSTR-2 forms. It is a collective summary of inward …

Category:  Health Go Health

Unlocking GST Summaries: Importance, Access, Interpretation

WEBGoods and Services Tax (GST) is a multi-stage, destination-oriented tax system that is imposed on every value addition. It replaces the indirect tax system which …

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Understanding Accrued Expenses: Debit or Credit

WEBThis makes it difficult to decide whether accrued expenses are strictly debit or credit. An expense recorded as incurred but not yet paid is referred to as an accrued …

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Importance of MSME Loans, What it is & Benefits of MSME Loan

WEBAn MSME loan is a form of financial assistance given to small enterprises to meet their operational demands. These loans are specially designed to provide financial …

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List of Special Category Status States Under GST In India

WEBAmong the criteria for classification as special category states, hilly or difficult terrains, income levels, and other socio-economic factors play a significant role. …

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Decoding Asset Valuation: Key to Financial Decisions

WEBWhat is Asset Valuation and its significance? In simple terms, proper asset valuation is the foundation for financial decisions. Hence, this concept of asset valuation …

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Bill Book Format in Word, Excel and PDF

WEB13/05/2024. Now, introducing our Bill Book Format in Word, Excel, and PDF. This gives you a completely new way of streamlining you’re invoicing and billing processes. Our …

Category:  Health Go Health