GST Helpline India Blog GST Rate on Advertising Agency Services in India Advertising refers to the process of promoting the products and/or services of a business by either or both offline and online means. For businesses and individuals using advertising services in India, GST compliance is now an important issue, since GST (Goods & Services Tax) now effectively replaces all the previous indirect taxes on such services. Let’s check out the applicability of GST on advertising agency services. Before GST – Tax on Advertising Services Before the launch of GST on 1 July, 2017, advertis ..read more

GST Helpline India Blog GST Rate on Fruits and Vegetables (Fresh & Frozen) As per the recent update, the Good and Service Tax council can increase the GST from 5% to 6% on many essential goods like food, clothes, and shoes. So if you are interested to know the GST rates on fruits and vegetables, then this is the perfect time. GST on fruits and vegetables can be summarized in one line – Fresh Fruits and vegetables are exempt from Taxation, while Frozen Fruits and vegetables go through taxation. But there are layers in it and to understand it better go through the complete article. Ho ..read more

GST Helpline India Blog Is there Applicability of GST on Mutual Funds? All You Need to Know A mutual fund is a kind of a professionally managed investment fund that pools fortune (money) from investors to purchase securities. As per recent updates, at the end of 2018, mutual fund capital worldwide was around $46.7 trillion. Which is enough to gain the attention of the new investor. It also fulfils the aim of investors which is definitely Capital Appreciation. The investment generates capital gains, and as per law it is “taxable”. This article is prepared to discuss “how mutual funds are taxe ..read more

GST Helpline India Blog GST on Health Insurance in India – Tax Rate & Impacts Commencement of Goods & Services Tax (GST) regime has increased the tax burden on taxpayers as it has subsumed all indirect taxes such as VAT, excise duty, service tax and so on as a whole. Beyond the shadow of a doubt, this has raised the taxation on various products and insurance & banking sectors are no exclusion. In this post, we are going to show you exactly about GST on health insurance in India. Keep reading.. After July 1, banking & insurance sector is become high-priced as the previous ta ..read more

GST Helpline India Blog GST Rate on Photography and Videography Services in India An array of services such as laser photography, Jewellery photography, clothes photography,  wedding video recording, pre-wedding video shooting, aerial photography, fluorescent photography. etc come under the category of Videography and Photography service and fall under Goods and Services Tax (GST) purview. This is a complete guide to know about the GST Rate on Photography and Videography Services. Let’s dive right in. GST Rate on Photography & Videography Services GST @ 18% is applicable on the Phot ..read more

GST Helpline India Blog GST on Sale of Fixed Assets in India (2019 Update) Fixed assets are the assets or things purchased for a long-term purpose. These may include immovable properties such as buildings and lands as well as equipment such as machinery, computers, etc. In this post, We are going to show you about GST on Sale of Fixed Assets. Keep reading… Before GST Before the implementation of GST (Goods & Services Tax) in India, Fixed Assets were liable to a number of taxes, including excise and service tax. Also, there were multiple and complex restrictions on Cenvat credit avai ..read more

GST Helpline India Blog Impact of GST on E-Commerce (Online Shopping) Sellers It’s been a while since the GST (Goods & Service Tax) system was introduced in India to replace all the other indirect taxes such as VAT, sales tax, service tax, etc. GST is a one-in-all indirect tax system, which means consumers need to pay only one tax during the overall supply chain. It also effectively removes the cascading (tax on tax) system by introducing the input tax credit mechanism of reversing the tax already paid on inputs. E-commerce is one of the biggest industries in India, with a total mar ..read more

GST Helpline India Blog GST on Foreign Exchange Conversion Service in India Foreign Exchange conversion services allow users to convert their currencies to other foreign or domestic currencies. When exchanging (purchasing or selling) a foreign currency in India, the value of supply will be calculated by the service supplier. GST on Foreign Exchange Conversion will be determined based on the value of supply. There are the following two ways to determine the value of supply for a foreign exchange conversion: Calculation Based Under Rule 32(2)(a) of CGST Rule 2017 Slab Based Under Rule 32 ..read more

GST Helpline India Blog All You Need to Know About OIDAR Services under GST OIDAR services under GST regime? OIDAR stands for Online Information Database Access and Retrieval services. In other words, OIDAR refers to the services are provided through the means of the internet. For a service to be qualified as OIDAR, it must fulfill the following two conditions: Delivery is performed through the internet It is an automated supply with minimal human intervention and information technology is essential to it Some of the examples of OIDAR services include cloud services, internet advertisin ..read more

GST Helpline India Blog GST on Reimbursement of Expenses in India – Explained with Example GST is the Goods and Services Tax which is charged on the supply of specific goods and/or services in India. There are 5 different tax slabs under GST – 0%, 5%, 12%, 18%, and 28%. In this article, you will get to know the rate of GST on Reimbursement of Expenses. What is the Reimbursement of Expenses? When providing a service to a customer/client, if a company incurs any expenses on behalf of the customer, then such expenses are considered reimbursable. At the time of making the payment for ser ..read more