WebMay 19, 2024 · ANSWER- Following table shows stage wise tax rates in Textile sector: GST rate on readymade garments or Apparels – 5% – where sale value is Less than Rs 1000. 12%- Where sale value is more than Rs 1000. GST on Job Work GST rate on Job work in relation to Textiles and textile products is 5%. WebEffective Date. Rate Revision. 9988. Manufacturing Services On Physical Inputs (Goods) Owned By Others. 1.5/5/12/18. Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2024.
Job Work under GST in India-Rates, Time, Process
WebApr 26, 2024 · To remedy the inverted duty structure, the Central Board of Indirect Taxes and Customs has issued a uniform goods and services tax rate of 12% GST (Goods and Service Tax) on textiles, clothes, and footwear. From January 1, 2024, the new rates will be in effect. 46th GST Council Meeting 48th GST Council Meeting Article- Copyright Articles WebMar 13, 2024 · On informative guide to and job work under one GST regime with India. Also, we briefly represented related transitional provisions, enter tax credits, etc. An … gluten free white trash recipe
Impact of Goods and Services Tax Rate on Job Works - GST Guntur
WebFeb 24, 2024 · Here is the summary of major decisions taken by the GST Council in its 20th meeting held on 5th of August, 2024: 1. Job work services in respect of textiles and textile products (including MMF yarn, garments, made-ups, etc. falling in Chapters 50 to 63) reduced from 5-18% to 5%. 2. WebGST Rates on Job work For more information on Input Tax Credit on Job Work under GST and other input tax credit provisions please visit our blog. Be GST ready through … Webthe period from 1.07.2024 to 31.12.2024. With effect from 1.1.2024, the rate schedule has been specifically amended and it is undisputed since then that such service attracts GST … gluten free white turkey chili