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

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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

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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

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GST on Foreign Exchange Conversion Service in India

GST on Foreign Exchange Conversion

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: Read More

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All You Need to Know About OIDAR Services under GST

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 advertising, online gaming, digital content (e-books, movies, music, data, etc.), and services involving the supply of data/information via the internet. Read More

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GST on Reimbursement of Expenses in India – Explained with Example

GST on Reimbursement of Expenses

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 services, the client is expected to also pay this amount to the service provider. Read More

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GST Rate on Travel Agents & Tour Operator Services in India

GST on Travel Agents and Tour Operators

GST is an indirect tax which is levied on the supply of goods and services of different kinds. The services provided by a travel agent or travel agency are also under the GST ambit. Here, we talk about the applicability and rate of GST on travel agents and tour operator services.

A travel agent is a person or entity that offers services related to planning, scheduling (booking) and managing trips/tours to their customers. The services provided by a travel company may include booking air/rail accommodation, cab hire, accommodation, sightseeing, etc. Read More

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