Is GST good for economy or a common man? Read this article to know everything about GST advantages & disadvantages from a taxpayer's & nation's perspective.
Common service providers (CSP) -If you’re a business that provides services to others, you might be eligible to apply for this scheme. According to the FTP, four modes are considered. These exports will count towards the CSP’s EO instead of fulfillment of other specific export obliga...
How GST Helps Startups and Small Businesses? Tax credit on purchases A lot of startups in India are a part of the service industry. Prior to GST, they had to collect and pay service tax to the government. Non-utilization of the VAT paid on purchases made for business purposes was one...
Initially, the business is required to analyze if it is liable under the provisions of GST Registration in Singapore. If the businessis liable, then is it on a retrospective basis or prospective basis. If the business is not liable under laws, then also one can apply on a voluntary basis....
Profiteering means increasing the business profit illegally by not passing the benefit of input tax credit or reduction of tax rates or any tax incidence relaxation announced by Government. The 'anti-profiteering' measures enshrined in the GST law provide an institutional mechanism to ensure that ...
Before the introduction of the GST in India, in the VAT structure, any business with a turnover of more than Rs 5 lakh, in states was responsible to pay VAT. This value was different for every state. Additionally, service tax was excluded for organizations with a turnover of not as much...
In some cases, you will need to include GST and HST when calculating taxable benefits. You can look at thebenefits chartto find out if you need to include these. When assessing the value of the taxable benefit, the amount of GST/HST is calculated based on thegross amountof the benefit....
Learn more about Benefits of GST in India. Advatages & Disadvatange of GST in Different Business Sector in India
A business must be a Qantas Business Rewards Member to earn Qantas Points for the business. A one-off joining fee of $89.50 applies, is inclusive of any applicable GST and may be varied by Qantas from time to time, without notice, in its absolute discretion. Membership and Qantas Points ...
Some of the importance of legal, due diligence are: Recognize Your Company: The typical image that comes to mind when someone mentions legal due diligence is a corporation researching another business. Legal due diligence might also include investigating your firm. A legal, due diligence ...