GST Rate on Advertising Agency Services in India

GST on Advertising Services Agency

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. Read More


GST Rate on Fruits and Vegetables (Fresh & Frozen)

GST on Fruits and Vegetables

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. Read More


Is there Applicability of GST on Mutual Funds? All You Need to Know

GST on Mutual Funds

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 taxed depending on their type and duration? and all the queries related to GST on mutual funds investment?” Read More


GST on Health Insurance in India – Tax Rate & Impacts

GST on Health Insurance

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.. Read More


GST Rate on Photography and Videography Services in India

GST Rate on Photography and Videography Services

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. Read More


GST on Sale of Fixed Assets in India (2019 Update)

GST on Sale of Fixed Assets

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 availability, sale and disposal of fixed assets. Read More


Impact of GST on E-Commerce (Online Shopping) Sellers in India

GST Impact on-E-Commerce

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. Read More