Overview of GST on Food Products Goods and Services Tax… Read More GST Rates GST on Health Insurance: Applicability, HSN Code & Rates January 30, 2025 7 Mins Read The Goods and Services Tax (GST) has been a significant… Read More GST Rates GST on Diamond Jewellery: Impact of Rat...
Value addition/packing charges (f) 600 600 Total value (g) = (c) + (f) 10,700 10,600 VAT @ 14%/GST @ 18% on above (f) value 84 (1,498 – 1,414) 108 (1,908 – 1,800) Total price 10,784 10,708 Impact on Different Price Segments Budget Smartphones: The 18% GST rate...
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....
If the caterer is providing other services that involve admission charges, facilities hosting fees, fees for musicians, DJs, entertainers, and chef services where the food is prepared and served by a chef, but the ingredients to make the meal are not provided by them then tax will be applied...
And the charges were also very reasonable. We got TM Approved in 6 month’s time without any re-submission or objection. They charge high to deliver the best in industry.” Manish Pandy “I would like to thank the Enterslice team for the excellent business plan made by them. They ...
Previously, service tax was levied on loans at 15%. With the advent of GST, this has increased to 18%. However, GST is not applicable to loan repayments or interest payments. It is only levied on processing charges and other fees excluding principal and interest payments. Therefore, the ...
Value of supply –GST is based on 6% of the value of standard-rated supplies. Therefore, taxpayer needs to understand how the supply is valued to be able to compute, charge and collect the right amount of GST. We will discuss each concept in turn below. Type ...
When you are required to charge GST at a rate of 9% on supplies made on or after 1 Jan 2024, it is important to include this 9% GST in your GST return, regardless of whether you have already received the payment from your customers. In cases where you have only collected GST at a...
GST is the result of combining all central taxes, such as sales tax, excise duty, surcharges, cesses, state VAT, luxury tax, purchase tax, entertainment tax, and so on into a single tax. The Goods and Services Tax (GST) is a single tax, but given the sheer number of basic commodit...
GST is charged on a wide range of goods and services but is not applied to basic grocery food items. Exempted items are known as zero-rated because their tax rate is zero. The GST percentage is charged on the sale of goods and services that are made or sold in Canada. This includes ...