On September 14, 2023, the Department of Finance Canada issued anews release(the “News Release”) regarding proposed legislation to be enacted in order to enhance the existing GST New Residential Rental Propert
In Toyama Pty Ltd v Landmark Building Developments Pty Ltd [2006] NSWSC 83 the New South Wales Supreme Court considered the GST treatment of the sale of disused residential property with a development approval for the erection of a 14-unit development upon the land. A house was built upon p...
2.1Exempt Supplies (GST is not applicable) Goods: Sale and rental of unfurnished residential property ,Importation and local supply of investment precious metals. Service: Financial services, E.g. issue of a debt security 2.2 Out-of-Scope Supplies: ...
Note: If you supply furnished property, the rent on the furnished item should be charged separately with GST where applicable. Sale where goods are delivered from overseas to another place overseas. Services Most local provision of services would fall under this category e.g. provision of spa se...
On electric vehicles, 12% of GST will be imposed. Rented Property There is some good news for those who are staying in a rented house, after GST there is no service tax is levied on residential properties. However, if the properties are rented for commercial uses such as for shops, offic...
Sales and rental of unfurnished residential property Importing and supplying investment precious metals such as gold, silver and platinum Private transactions Sales of goods not brought into Singapore Sales made within the Free Trade Zone (FTZ) Sales within a Zero GST Warehouse Services Financial servic...
While multiple theories go around in the market on the subject, this article aims to discuss the theories and examine them in light of applicable laws. The issue It is common knowledge that, for GST to be applicable, there needs to be a supply of goods or services. Therefore, the primary...
(collected by Singapore Customs). It is also known as Value Added Tax or VAT in other countries. The provision of most financial services, the provision of digital payment tokens, the sale and leasing of residential property and the importation and supply of investment precious metals are exempt...
Respected to all I have purchased house which was used for business purpose so that how to make entry in tally and also gst is applicable on that or not - GST
residential status of huf residential status of company residential status of others 7.Computation of total income heads of income deduction under each head of income salaries income from house property profits & gains of business or profession ...