Author: George Oliver

Get started adding GST at the legal rates to all relevant taxable supplies. Based on the specific HSN code issued to each category of products or services, the current GST rate ranges from 5% to 28%. Registered GST taxpayers are obligated to maintain track of the current GST rate and to reflect it accurately on all GST invoices issued. Negligence might result in fines if this is not done. GST is paid and collected from purchasers in all transactions excluding those involving sales by composition dealers. Thus, customers paying a vendor who is registered for GST will pay a total…

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