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  2. Zero-rated supply - Wikipedia

    en.wikipedia.org/wiki/Zero-rated_supply

    Under Indian GST Act, 2016, Any supplies (supply should be defined in accordance with GST India) made by a registered dealer as an export (both goods or services) or supply to an SEZ qualifies for Zero Rated Supplies in GST. This attracts zero rate of taxation and ITC (Input Tax Credit) can also be explained through the e-portal of GST Council.

  3. Goods and Services Tax (India) - Wikipedia

    en.wikipedia.org/wiki/Goods_and_Services_Tax_(India)

    The Goods and Services Tax (GST) is a successor to VAT used in India on the supply of goods and service. Both VAT and GST have the same taxation slabs. Both VAT and GST have the same taxation slabs. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes.

  4. Value-added tax - Wikipedia

    en.wikipedia.org/wiki/Value-added_tax

    Exemptions are given for the sales and leases of residential properties, importation and local supply of investment precious metals and most financial services. [87] Export of goods and international services are zero-rated. GST is also absorbed by the government for public healthcare services, such as at public hospitals and polyclinics.

  5. Merchandise Export from India Scheme - Wikipedia

    en.wikipedia.org/wiki/Merchandise_Export_from...

    The Merchandise Export from India Scheme (MEIS) is a government initiative implemented by the Government of India with the objective of encouraging exports. [ 1 ] [ 2 ] It was launched on April 1, 2015, as a part of the Foreign Trade Policy (FTP) to boost India's exports of goods and services.

  6. Central Board of Indirect Taxes and Customs - Wikipedia

    en.wikipedia.org/wiki/Central_Board_of_Indirect...

    The Central Board of Indirect Taxes and Customs (CBIC), formerly the Central Board of Excise and Customs, is a statutory body under the Department of Revenue, Government of India. It oversees the administration of indirect taxes, including customs duties, excise duties, and the Goods and Services Tax (GST).

  7. Goods and Services Tax (Singapore) - Wikipedia

    en.wikipedia.org/wiki/Goods_and_Services_Tax...

    Goods and Services Tax (GST) in Singapore is a value added tax (VAT) of 9% levied on import of goods, as well as most supplies of goods and services. Exemptions are given for the sales and leases of residential properties, importation and local supply of investment precious metals and most financial services. [ 1 ]

  8. One Hundred and First Amendment to the Constitution of India

    en.wikipedia.org/wiki/One_Hundred_and_First...

    The Goods and Services Tax (GST) is a Value added Tax (VAT) proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level. It replaces all indirect taxes levied on goods and services by the Indian Central and state governments.

  9. Destination principle - Wikipedia

    en.wikipedia.org/wiki/Destination_principle

    Under the origin principle, value added taxes are not collected on imports and not rebated on exports. [2] In contrast, the destination principle, which allows for value added taxes to be retained by the country where the taxed product is being sold.