This tax (as of writing in March 2023) is required for any for-profit organisations, sole traders, businesses that have an annual turnover of over $75,000 and any business that provides taxi or limousine services regardless of turnover. For non-profit organisations, the threshold is $150,...
To create a pro-enterprise environment, Singapore has several assistance schemes relating to GST. These schemes generally help to ease the cash flow for businesses. Goods and Services Tax Assistance Scheme Get a grant to lower the costs involved in becoming a GST-registered trader. GST traders ca...
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Additionally, service tax was excluded for organizations with a turnover of not as much as Rs 10 lakh. Under the GST system, be that as it may, this edge has been expanded to Rs 20 lakh, which excludes numerous small traders and service providers in the sector. #3 Easy Transportation of...