Input Credit & Output Liability of GST in India: GSTR1/2/3/2A/3B
Businesses in India have to charge customers a certain amount of tax on services and products as Goods and Services Tax (GST) depending on the category that they’re selling to their B2C and B2B customers. If it is food, it is 5%, and if it is furniture, it is 18%, etc. Here is a detailed category wise GST list. Suppose you’re a business selling home-made pickles. You started selling one pickle…
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