You own and operate a taxi or limousine service where customers pay a fare You wish to claim back tax and/or fuel creditsIf your business does not fall into one of these categories, then in Australia, it is optional whether you choose to register your business under GST.The...
This is part 2 of a 2-part article on the concept of supply for GST purposes and is relevant for candidates preparing for the P6 (MYS), Advanced Taxation exam. The article is based on prevailing laws as at 31 March 2015.
GST on Live sheep and goats is nil rate. No GST payable on sale of Live poultry, that is to say, fowls of the species Gallus domesticus, ducks, geese, turkeys and guinea fowls. Other live animals such as Mammals, Birds, Insects] falls under GST exemption list Concessional rate of GST ...
In a nutshell, the goods and service tax is another source of revenue for the government. It is considered an indirect sales tax that is applied to certain goods and services. When consumers purchase these products, they have to pay the sales price of the products plus the GST. In some ...
Here are some questions on GST and their answers: Will dual GST be levied in addition to the existing taxes? No. It is proposed that the CGST will subsume central excise duty (Cenvat), service tax, and additional duties of customs at the Central level; and value-added tax, central sales...
The Goods and Services Tax (GST) is a Value Added Tax (VAT) to be implemented in India which has been approved by the President Mr. Pranab Mukherjee posts its passage in the Parliament (Rajya Sabha 3rd Aug 2016 and Lok Sabha on 8th Aug 2016) and ratification by more than 50% of t...
GST’s applicability can vary by product, service, and location—creating an intricate environment for businesses operating in multiple jurisdictions. Some goods and services might be exempt, while others may be taxed at different rates. While GST poses some challenges in terms of compliance, pricing...
For these transactions, the fields for the customer address and the registration number are required.Sign in to the POS. Enter the items, and then select Enter. Validate the GST calculations. Consider the rate that is defined in the tax setup. 展开表 Item/serviceUnit priceTax ratesCGSTSGST...
GST Advisory services are to evaluate the fiscal impact of GST on business and product pricing. Our GST Advisory experts will help you obtain GST refunds and undertake GST compliances.
Deemed exports are transactions whereby goods supplied don’t exit the country, and payment for such service is either received in convertible foreign exchange or Indian Rupees. The following types of supply of goods or services would be regarded as exports under GST: Goods supplied by a registere...